ENGINERSIN facing stiff resistance above 170 level, expected revisit 160 zone before making any upmove. Use any spike below 172 and short for target of 160.
The stock is in all time high and is struggling to move up and it will head to close the Gap as a short time Pull back
I am looking to enter on after a brief rally with stop 171 for Targets 165.85/164.90/163.25
Regards
The stock has formed rounding bottom in daily chart indicating bullishness. Price have to break the resistance around the level 170 - 173 with heavy volume which will make the price to move up further. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. When buyers enter the market at a low...
ENGINERSIN has broken out of a falling Trend line.
RSI (14) has also broken out.
Volumes are increasing and above average.
Price seems to be heading to newer highs.
Target 1: 162
Target 2: 171
Stoploss: 153
It has been observed in the chart that Cup & Handle Break out at 155 that is bullish in nature. one can watch near 150 to 155 and look for target at 240+ stop loss 140.
It has been observed in one hour chart price action has taken support at 145 and broken the downward trend line indicating bullish movement. Engineers India is buy above 150 with stoploss 149. Targets are 155 and 159.
Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This...
