ENGINERSIN trade ideas
Must Have It In Your Portfolio You should definitely have it your portfolio..
CMP 212
Buy at CMP
Target 🎯 For multibagger
Sl below 130 closing basis
PRO's:
Debt free
Low P/E
High ROE
High ROCE
Con's:
Decrease Promoter Holding
Low EPS
Decreasing Profit
Note : It's my own views on the mentioned stock not any recommendation for the buying or selling of the mentioned stock .. its for learning purpose.
Engineers India BUY Here is my chart for Engineers India. I have entered in at 233.50. There is resistance near 236, if you want to be safer you guys can probably enter after 236 is broken. Overall we are targeting 269, however, we also have a small target of 9% attached in the charts. Follow along if you may. No buy sell reco NSE:ENGINERSIN
ENGINERSIN - Ichimoku Breakout📈 Stock Name - Engineers India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 262.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Soon to breakout Engineers India after 14 yearsPublic sector enterprises , that is the government companies in India are showing strength and value buying last year or two. The mindset/trust of investors and traders is gaining in these companies. But we need to ensure that the fundamentals and technicals are respected.
One such company following the above criteria is 'Engineers India' .
This script is near 14 year resistance level of around 160 and has been consolidating and retesting the 160 levels . The fundamentals of the company has improved and its available at fair valuations considering its earnings. Its in Engineering Procurement and Construction ( EPC ) segment. And we can see India is largely doing infrastructure spending and this company is capable enough the work on it.
Tecnically, once 160 levels are broken and we see weekly close above 160-170 zone then levels of 300 can be seen based on Fibonacci levels and if we calculate height of the zone in which it was present from last 14 years then also targets are around 300-325 levels.
Stop loss can be below 140 levels on weekly closing basis .
The volumes are supporting the up-move which is a good indication.
Enjoy the move and hope you are making most of it by learning how the momentum stocks show strength :)
Happy trading ;)
If you like my analysis , then do follow me for more updates and like it so others can also benefit from this :)
Engineer India - Study and analysis Hello traders,
Engineer india is preparing for abbull run basis on the analysis that I have done we can see that cup and handle breakout is likely to take place and target looks amazing, giving resistance may play important role here .
Cup and handle considered one the best breakout that may led to long bull run however it's success rate are 50-60% to get proper breakout we must wait for the resistance to provide the breakout first then weah fins the giving target in the chart..
Imp note - This post is only for study purpose investors are advised to get in touch with their financial advisor to get investment tips I'm here to share ideas and learning for study purpose
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!
ENGINERSINENGINERSIN Chart Analysis........23/07/23
ENGINEERS are currently trading near their Fibonacci level 0.618. Now if some correction comes from here and the price is found at 127 level. So that same buying level will remain. Here the target of the up side is marked on the main chart, which comes to the mid-term 227 level.
Enjoy !
Engineers IndiaEngineers India chart, check with daily as well as weekly time frame. See the channel pattern since inception. The stock has took support twice on Mar 2020 and July 2022 on the trend line. It is now showing a reversal from Jul 2022 with trend line breakout (see the trendline slanting down from left to right. First target 90rs and next is 140/160. Expecting a return of 100% in a period of 1 to 2 years from this price.
ENGINERSINwe are looking ENGINERSIN Bearish move after some buying pressure.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
engineers india it has recorded substantial growth in business during FY23 by securing orders worth more than ₹4,500 crore, compared to orders of ₹1,700 crore in FY22.
Besides other areas, a significant jump is witnessed in the business secured from international assignments to around ₹600 crore from less than ₹50 crore in FY22, the company said in a statement. EIL is a PSU under the charge of the Ministry of Petroleum & Natural Gas (MoPNG).
While maintaining its leadership position in the hydrocarbon sector, EIL has also secured substantial business in the infrastructure sector and also marked the significant entry into new segments of green hydrogen, waste-to-fuel, niche chemicals, and Defence.
During the last financial year, EIL signed MoUs/ MoAs as well as strategic alliances for business growth with leading oil sector companies and technology providers. While EIL consolidated its presence in Nigeria and the Middle East, it secured projects in new geographies such as Guyana.