ENGINERSINHi guys,
In this chart i Found a Demand Zone in ENGINERSIN CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Engineersindia
Engineers India - Can it engineer some magic 🔮Spent hours on an Engineers India con-call, sharing analysis to the point in
disc: Invested, do your own research
📊 Company Update on Engineers India Limited (EIL) #EIL #Q2FY24 #FinanceReport
Financial Performance: EIL's turnover for Q2 ending Sep 2023 was INR 777 cr, a slight dip from INR 808 cr in Q1 FY23-24. Half-year turnover stood at INR 1586 cr. Notable increases in profit before tax (68%) and after tax (59%) compared to last year.
Important Q&A
Margins & Revenue Adjustments: Post-liquidity damage settlement, margins for the turnkey segment at approx. 1.3%. #Margins
Order Pipeline: EIL continues focusing on oil & gas, petrochemicals, refinery, mining, and infrastructure sectors.
International Initiatives: Expanding into global markets, EIL has made strides in Guyana, Algeria, and continues efforts in Nigeria, South America, and other African countries.
Non-Oil and Gas Initiatives: EIL is actively engaged in green hydrogen projects and has signed an MOA with NTBC for green initiatives and energy transition projects.
Growth Prospects: EIL anticipates a 10% increase in turnover and net profit, signalling growth after a period of stability.
Investment Plans: Significant investments include the Ramagundam fertilizer project and Numaligarh refinery. No new major projects are planned.
Opportunity Size: EIL is bidding for projects in the range of INR 30k to 40k cr across various sectors.
Margins in New Sectors: While exploring green hydrogen and other sectors, margins will depend on market competition, but profits are expected to be favourable.
🚩Risk Management in EIL Strategy #Risks #InvestmentRisks
Turnkey Segment Margin Variability: Quarterly fluctuating margins in the turnkey segment, generally between 2-3%, with ongoing efforts to improve.
Investment in Specific Projects: EIL's focus on a few large projects could be risky if delays or issues arise.
Dependency on Large Projects: With significant engagements like the Nigeria fertilizer complex and Guyana power plant project, EIL's performance is heavily dependent on securing large projects
Critical Takeaways for EIL Investors #Investors #StockMarket #EIL
⚙️ Chart pattern looking very good on the weekly and daily chart
🔚That's a wrap on the latest EIL update! Follow me for more insightful updates on EIL, finance, and the stock market. #EIL #Finance #StockMarket
$NSE:ENGINERS
Engineers India Swing Trade OpportunityThe stock is very strong in Monthly, weekly, Daily, has been on a very strong uptrend.
On the daily time frame it has moved out of 1 month old consolidation zone.
So one can look to enter the stock at the demand levels marked for a quick move till the supply zone of 180.
A good 10% opportunity exists.
Trade at your own risk.
Happy trading!
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.
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.
#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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