ENGINERSIN is ready for a good move on upsideENGINERSIN is ready for a good move on upside
CMP- 87.90
ENGINERSIN trade ideas
ENGINERS INdia#educational purpose only
#ENGINERSIN #ENGINERS india
#ENGINERSIN #ENGINERS india
#ENGINERSIN #ENGINERS india
NIACL looks good for 10%A trend reversal spotted breakout of resistance
and breakout of trendline
with volumes
short ENGINERSINlook like we will be facing resistance from now on. anticipating a downward trend in ENGINERSIN .
Engineers India BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
ENGINEERING INDIA - On long term pursuit of 10 yrs tgt for 450+?ENGINEERS INDIA
#ENGINERIN in 1999 has fallen from 104 to 5 rs... and from 5 rs in 2001 to 265 by 2010 which is almost 2.618%
Similarly, #ENGINERIN fell from 265 in 2010 to 50 rs by 2020 which is almost 50% retracement from the life time retracement fibs... (refer markings on the chart)...
Continuation of its 10 yrs yield trend, expecting #ENGINERIN to touch 450-560+ by 2030
Engineers India Reversal TradeThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Engineers India Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones and target is place near upper trendline.
ENGINERSINWeekly Time frame
1-3 months time period analysis
price respecting trend line. expecting momentum above marked resistance .
target 1 at 120-122
target 2 - 200
**Educational VIew only
Engineers India Allow it to come down to .5 Level.- 79/80 for initial entry.
Further on Price Action.
ENGINEERSIN Coming out of Down trend.ENGINEERSIN looks like this stock is coming out of down trend.
Good Buying seen and the stock closing above previous trend/resistance levels.
Please do own analysis before going ahead.
85/100/110 seems to be coming in sight. Trade carefully .. based on market trend.
Parallel Channel in ENGINERSINScrip is near to the support so go for long with stop loss below support ( Positional).
#25 Long Engineers IndiaNSE:ENGINERSIN
Reason Being:
1. RSI taking multiple time support
2. 2 Hourly RSI Crosses above 60
3. Parallel Channel breakout
4. Double bottom formation
View Negated Below: 72.9 in hourly closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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ENGINERSIN - Ascending Triangle Breakout & Retest - Swing TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
As can be seen from the chart, actual breakout with huge volume has happened on 01st march itself. Thereafter the price has been coming down but the volume is drying up continuously which shows that big hands are still holding the stock and a big up-move is still pending.
Also if you we observe the zoomed-in chart, we can see that the resistance which the price has broken, is now acting as support and that support is at 0.5 Fibo level, which is a good level for reversal (healthy reversal).
One can arrive at targets with help of Trend-Based Fib extension tool as can be seen from the below image.
One can start accumulating between 80-83 range.
SL and Targets are clearly marked in the main image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Enginersind DailyEnginersind bullish as long as it stays above 80 levels.Wait for the retest & long above green candle formation with stoploss of 75 on closing basis.Target 94/102/122
Expecting Wedge Pattern breakoutEngineers india expecting to break the above trend line to reach the target mentioned on the chart.
Let's see..
