***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Engineers India on a weekly chart is above 20 and 50 EMA, on a daily chart it has crossed the Darvas Box and EMA are moving UP. Volume wise it is double compare to yesterday.
Entry: 79
SL : 5 - 10%
Next Tranche: Post 89
# Engineers India has Broken Important Support Trendline (500 Days) and Price Closed Below It.
# Price is consistently making Lower Top Lower Bottom as per Dow Theory.
# Expected Tartest Levels may be seen are 58-60.
Engineers india on support level of ~70, if it decides to form W on weekly chart, then 90 can be expected. if the fall continues then next support of 60.
RRR of 2.
Educational purpose only. Not a recommendation.
Engineers India - Stock has been in a downward trend and stock might bottom out near 70-65 area .. stock has decent fundamentals as long as OIL prices stay above 55-60 levels.. One can go long at 72-68 levels for medium to long term for 100-130 targets .. stoploss 60
Chart looking good at cmp. This level has been acting as good support. Fundamentals aren't bad. Not a company having so much debt. Covid created some impact but performance has seen some recovery. If not for the long term can be taken for a swing trade if one finds a reversal.
This stock will change your life.
Preparing for a big move.
History will repeat again, if you notice the pattern plz comment.
The minimum target is 460 (long term - 1 Yr_600% return) above SUPER RESISTANCE GREEN TRENDLINE
enginersind :
trade set up :
1. buy at cmp 75.05 till 73
2. keep stop loss as 66 on closing basis
3. short term targets : 84.35/96.65/
long-term targets 112.25/128.35/146.35
technical setup :
1. trendline
2. fibonacci
3. triangle
4. value
note :
a. stock trading exactly at strong trendline support , which is intact for more than 52 weeks .
b. its...
Observing this simple chart, EIL is in ascending channel.
The stock price and RSI has already bottomed out, and is at a strong support zone.
Levels of 75 -74 are in a good demand zone and reversing from those levels, the short term targets could be around 100-110. Closing below 69 should be the stoploss.
One can also take this opportunity for investment purpose,...
Engineers India Ltd. engages in providing engineering, technical, and consultancy services. The firm operates through the following segments: Consultancy & Engineering Projects and Turnkey Projects. The company was founded on March 15, 1965 and is headquartered in New Delhi, India.
NSE
