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.
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BUY - ENGINEERS INDIA
CMP - Rs. 147
Target - 1: Rs. 214
Target - 2: Rs. 258
Target - 3: Rs. 325
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Timeframe - 3 months - 15 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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#ENGINERSIN trading above Resistance of 127
Next Resistance is at 157
Support is at 86
Here is previous chart:
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 your...
NSE:ENGINERSIN have given a Falling Trendline BO after 13 years on Weekly Chart....
One can invest in the scrip from long term view....
The most important part is this that it is a PSU.
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Take entry at cmp 158
target 210
Next double average at 106
There are an error on tradingview chart for this counter.
According to Google life chart the life high for this stock is 210.
So it will try to test his life high during this year.
NSE:ENGINERSIN
✅ #ENGINERSIN trading above Resistance of 157
✅ Next Resistance is at 205
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...
Entry at 120 to 125
Short term target 150
mid term target 190
This counter is in bullish trend and from this level it can easily reach to 150.
Just hold it for 3 to 5 months .
#ENGINERSIN #breakoutcandidate #breakoutstocks #trendlinebreakout #momentumstock
ENGINERSIN : Swing Trade / Short term (1-3 months)
>> Beautiful Structure, possibly trendline breakout soon
>> Stock has taken a good pause after the initial momentum and now ready for more upside
>> Good strength and Volumes in stock
SWing Traders should focus on 10% profit &...
EIL bounced from the 2/1 resistance line and if it can cross 160-165 range and remains above 2/1 line for a couple of days, it will break out. Downside will be limited to 120-125 level.
BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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