#ENGINERSIN trading above Resistance of 157
Next Resistance is at 185
Support is at 101
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Engineers India gave a perfect Triangle breakout on monthly chart.
82.5 is a first resistance once sustains above this then stock will go for target of 109.25
In few years can reach a target of 200+ if it shows improved earnings
Stop loss should be base of triangle pattern on closing basis.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
#swingtrade #breakout #VCP #vcpbreakout #rading
#ENGINERSIN :
>> Beautiful VCP visible
>> Flag Structure Breakout
>> Good Strength & Volumes Buildup
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade...
Fib Analysis- the retracement from the highs is 38.2% an indication of strength. The breakout is happening after 13 years. Breakout after over a decade of consolidation is very significant. At times the stock comes back to the breakout zone which is 156 . So it is a buy at CMP and on dips. T1 300.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
ENGINEERSIN has beautiful Price Action formation where a horizontal resistance of 10 yrs is intersecting with 15 yrs trend line breakout.
If this sustains above 165 on weekly basis, this can be a good learning example for next few weeks.
This is for educational purposes and not a buy/sell recommendation.
Thanks
Piyush Gupta
Learn & Earn
vcp characteristics
-The Stock must be in stage 2 uptrend.
-A period of price consolidation must take place in thebase. ...
-Price volatility must contract through the base (from left to right). ...
-Price must correct through a series of smaller contractions.
The analysis is done on Daily as well as on Monthly time frame.
Refer the Daily chart of Engineer India for short term picture & opportunity for entry
It is forming a Cup & Handle pattern with breakout awaited.
As we can see there was a prior buying force and now the stock was in pullback for few weeks. It seems to be coming out of that pullback period.
...
