Technical View – Engineers
India Ltd
Engineers
India Ltd is finding support at 160 and resistance at 172. On Daily chart, Engineers
India Ltd MACD & RSI showing positive momentum which indicates that upper
side seems certain in it. Break and sustain above 172 will see nonstop rally in
Engineers India Ltd till 190---200 and then 215++ in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks
positive and we expect rally to remain continue till 215+++mark in coming
weeks. For positional trade, stop loss seeing below 160 on closing basis which
in unlikely to breach in near terms.
Trading Recommendation
Buy Engineers India above 172 for the initial upside target of 190—200 and then 215++ mark with stop loss below 160 on closing basis.
More will update soon!!
