Engneers India - Go long for 20%Enginners India is safe to buy with SL of 228 (Closing Basis) TGT 300+by CKParkhi1
#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. ``` I hope this meets your needs! 😊Longby PnKJ_93Updated 1122
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.Longby VolumeProfiltrader3
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 anyLongby TRADERSMONK07Updated 2
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 Longby Peaceful-Weekend-InvestingUpdated 18
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.... Longby JJ_BreakoutsUpdated 7
Engineer's India - Uptrend ChannelUptrend channel formation - can give good returns in a month or two View are not recommendations - just personal opinionsby keshavsingla0
Engineers India Engineers India Weekly chart breakout & retested the level buy on dip. Target 275, 320 & 370...Longby KanikaAJagota1
Engineers IndiaUptrend shown by HH Hl Stock above 10 & 20 ema with volumes rsi broken its range n above 60nowLongby Rah3432
ENGINEERS INDIA (D)Engineer India forming a cup and handle pattern. Traders watching for potential breakout signals from this bullish pattern.Longby chartgalaxy2
H&S structure .........................................................................................................................................................................................................................................................................................................Longby pas_infinity8
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 :-)Longby digijagan112
Trendline breakout strategyprice is coming from strong demand zone and we can look for now long trade . As per our given viewpoint we can also do a swing long trade or put as a investment it can give almost a 30% best stock to invest now. NSE:ENGINERSIN Longby mitesh_patil_39996
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.Longby Paras_gujjar3
Engineers India bullish Feb6 2024This stock is looki g bullish at cmp with targets of 280+ .Longby THECHAARTIST5
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 Longby dheerender46Updated 4
ENGINEERS India Loking good for the upside momentEngineers india loking good moment if sustain above 269 more upside seen possible target for the 299-325-360-400-477 Longby lashkarikartik17
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. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku Longby nikunjbhadja7
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 :)Longby Kunal_TAUpdated 26
Engineers India Ltd has given a strong breakout Engineers India Ltd has given a strong breakout on daily chart with huge volume spike. we can consider this stock at CMP 214 with sl of 190Longby TITC1
Engineers India Breakout on weekly time frame Breakout on weekly time frame, multi year Breakout , might create new highsLongby karthikpnair2
ENGINERSINDIA Multi-year breakoutWatch out for multi year breakout, momentum will be fast post breakout.Longby kapsekunal5
ENGINNERS INDIA MULTI YEAR BREAK OUTthis pse stock has given a massive break out with a consolidation of 13 year this beauty has given a break out with pumping volume should be in your radar for the 2024 election rallyLongby jeevasenthil1037