A long term technical tradeAlmost 14 yrs (2010-2024) consolidation breakout ....sl if price closes below upper trendline.....only for educational purpose and not any recommendation.....
ENGINERSIN trade ideas
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
Huge Upside possible in ENGINEERS INDIAPrice broke the levels of 2010, 2017 and now retracing. Makes an interesting case to see, if it bounces back from the 200 Levels.
Posting for education purpose only and not any kind of recommendation. Due diligence need to be followed before taking any decision.
ENGINEERS INDIA--BUYposition can be initiated at 219-20 level for a target of 245 and longer trendline resistance of 305 . In 2nd wave and at CPR level ideal support zone of 2nd wave.
Engineers India Limited Bullish.Engineers India Limited, Bullish divergence at support. Take trade in lower time frames and when price retraces as depicted.
Great Buying in Engineers India LimitedGreat Buying Opportunity in Engineers India Limited. on 28, August, 2024. 10%+ return in 2-3 weeks.
Stoploss at 6% below buying price.
ENGINERSIN giving a good BreakoutEngineers India Ltd. engages in providing engineering, technical, and consultancy services. The firm operates through the following segments: Consultancy & Engineering Projects and Turnkey Projects. The company was founded on March 15, 1965 and is headquartered in New Delhi, India.
Stop-Loss: 268
Target: 350
Consider exiting half your position after a 10-12% gain and hold the rest to capture the trend.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a professional advisor before making any investment decisions.
ENGINERSIN | POSITIONAL | LONGPrice broke out of 14-year-old base
Created a nice daily TF base near the previous ATH
It created a wicked candle on the last trading day, therefore entries should be very precise and only after confirmation on smaller TF.
Weekly TF trend is also looking good, the price is being followed by 20 EMA.
Engineers India (Multi Year Break out)Enginers India
Multi year break out
Volume Growth
RSI above 60 Daily / Weekly / Monthly
Moving Averages in line
Supprt 269
Expected level (any suggestion)
Take a look at engineers indiaengineers india looking strong
buy around 272
Targets 290, 310, 400(positional)
SL 250
Strictly for educational purpose
ENGINEERS INDIA GIVES BRAKEOUT ON DAILY CHARTNSE:ENGINERSIN
Engineers India Gives brake out on daily chart.
Buy Near 265-270
Sl 240
Target 340+
Time duration 1-2 month
Risk Reward Ratio ---- 1 : 2.20
Profit on capital Ratio ---- 26%+
Engneers India - Go long for 20%Enginners India is safe to buy with SL of 228 (Closing Basis)
TGT 300+
#Enginersin: 24 Years multiyear breakout"Engineers India Share has finally decided to come out of its shell and party after 24 long years! This multiyear breakout is not just a statistical anomaly, it's a testament to the resilience and potential of Engineers India. It's like watching a butterfly emerge from its cocoon, ready to take on the world.
The technical indicators are all in favor too! The **RSI is above 50**, indicating strong momentum. The **Supertrend is below the current market price (CMP)**, suggesting an uptrend. The **Relative Strength (RS) is above 0**, showing bullish signs. Moreover, the **CMP is above the 21, 55, 100, and 200 Exponential Moving Averages (EMAs)**, which is a strong bullish signal.
So, fasten your seatbelts, because this financial journey is about to get a lot more exciting!" 😄
Sure, here's a declaration for you:
**Disclaimer:** I, Pankaj Karanwal, am not a SEBI registered advisor. The trading ideas and financial information shared by me are purely for educational purposes and should not be taken as investment advice. The accuracy, completeness, and validity of any information on these trades are not guaranteed. All information is provided on an as-is basis. Please do your own research before making any investment decisions. Past performance does not guarantee future results.
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I hope this meets your needs! 😊
Engineers India breakout from 15 years Price RangeTRADE: Entered half risk with SL @215
REASON TO TRADE: It is breaking out from a consolidation range of 15 years indicating a strong demand in its shares for a good upmove.
DEFINED SL@ 215 on a daily closing basis.
Entry Price: Current Market Price (CMP) Stop Loss (SL): ₹196Entry Price: Current Market Price (CMP)
Stop Loss (SL): ₹196
Target Price: ₹500
Considerations:
Risk Management: Setting your stop loss at ₹196 helps in managing risk, ensuring that potential losses are contained if the market moves against your position. Ensure that this stop loss level is aligned with key support levels seen on the technical charts to avoid being stopped out prematurely by normal price fluctuations.
Profit Target: The target of ₹500 is ambitious and suggests a very bullish outlook. It's important to monitor the stock’s performance and adjust your target as necessary based on market conditions and company fundamentals.
Entry Strategy: Entering at the current market price means you are ready to capitalize on the potential upside immediately. Make sure to confirm this entry with any additional indicators or strategies you use to validate trade entries, such as the behavior of the stock at key resistance levels or confirmatory signals from other technical indicators.
Execution:
Monitor the stock closely, especially how it behaves around your entry price and subsequent price movements towards your target or stop loss.
Consider using trailing stops if the price moves favorably to lock in profits and protect from a reversal.
Stay updated with any
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
ENGINERSIN bullish; above 254 ? - Thursday 16-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
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%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
Engineer's India - Uptrend ChannelUptrend channel formation - can give good returns in a month or two
View are not recommendations - just personal opinions
Engineers India Engineers India Weekly chart breakout & retested the level buy on dip.
Target 275, 320 & 370...
Engineers IndiaUptrend shown by HH Hl
Stock above 10 & 20 ema with volumes
rsi broken its range n above 60now
ENGINEERS INDIA (D)Engineer India forming a cup and handle pattern. Traders watching for potential breakout signals from this bullish pattern.
Descending broadening wedge on ENGINERSINENGINERSIN formed a descending broadening wedge on daily chart. Price broke out of resistance line today with strong volume. Price close high indicating bulls are out there. Note the volume when price falls as it stays below average line indicating sellers are not willing to sell at lower price. This is also confirmed by volume hike when price is moving high. However, wait for close above breakout candle high to enter long. Stop loss can be had just below breakout candle low with target the width of broader side of wedge. Good risk reward on this trade.
Hope you like this idea, if so please boost this idea or leave a comment below on what you think. I'll be glad to hear from you. Otherwise happy trading :-)
