Multi Year Breakout Stock.
Engineers India Ltd. Stock has made a Breakout after a long consolidation of 14 Years. the stock is currently retesting the previous breakout zone.
Once the retest is completed, the stock may show a bull run in the coming months. on the higher side, a gain of 100 to 200% is expected if breaks above 236. ✅✅
the Stock may be a good...
Engineers India in a weekly timeframe chart is taking trendline support as well as fib support on the 0.61 level. Apart from this, it had formed a hammer candlestick pattern in these support areas which further adds the confirmation of the support and trend change.
Hi,
I am here again, with a brilliant weekly flag breakout PSU stock and it is $NSE:ENGINERSIN.
It has given a clear breakout on weekly charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. After considering all these facts, the conclusion...
Engineers India ✅
CMP: 233
Support at 200
Best: 215-225
Stock making HH on daily TF.
Closes above 10, 21, 40 DEMA.
RSI at 58, which indicates strength.
Volumes picked up.
Please do your own analysis or consult your advisor.
NO BUY / SELL RECO.
Introduction: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries.
Today, EIL is a‘Total Solutions’engineering consultancy company providing design,...
What a rally PSU stocks have shown in the past couple of years.
Definitely, EIL should be one of the multibaggers in the list with Make in India prospering.
Logic:
Weekly trendline breakout was done and after a retest, continuation of uptrend started.
Buy Engineers india ltd, EIL 98, for 125 and 200 in medium to long term. Highest weekly volumes in last 20years showing signs of big movement likely to happen. Invalid below 75 on weekly closing basis. All PSU stocks are getting re rated and now EIL getting ready for turnaround for bigger returns
ENGINEERS INDIA (EIL)
CMP: 251.20
Monthly Chart (4 Feb 2024)
Key Study Points:
- Breakout of Very Long Consolation Zone with Strong Volumes
- Multi Year Breakout
- Strong Price Action
- Stock can Double from here if the momentum continues
- Keep SL of 201 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This...
ENGINERSIN
my study points
1) M ,W , DAILY break-out
2) break-out with high volume spike
4) chart pattern rounding bottom
5) fundamentally strong stock
6) Company is almost debt free.
7) Company has been maintaining a healthy dividend payout of 71%
holdings :-)))
a) Promoters 51%
b)FIIs & DIIs 24%
c) Public 25%
.If You LIKE MY Idea …please…Boost its for more...
NSE:ENGINERSIN
when price drop in the previous 2019 price reacted from a strong demand zone in the half and monthly,
Last Time Price Hits Monthly & weekly Strong Supply Zone, then all demand zone Back to Back Breaks,
Now Price hits Weekly Dz, there are two excuition level 1st zone very good,
if market in strong selling presure may be change to price...
NSE:ENGINERSIN
✅ #ENGINERSIN trading above Resistance of 205
✅ Next Resistance is at 270
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Engineers India Ltd. is engaged in Consultancy & Engineering projects and Turnkey projects. It is a Government of India Enterprise under Ministry of Petroleum and Natural Gas. The company is focused on oil and gas and petrochemicals industries in India & internationally, and also non-ferrous mining and metallurgy and infrastructure. It also provides engineering...
#ENGINERSIN trading above Resistance of 185
Next Resistance is at 269
Support is at 133
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
