ENGINEERS INDIA LTDViés de alta
Reversal Expected in Engineers India
Observing this simple chart, EIL is in ascending channel.
The stock price and RSI has already bottomed out, and is at a strong support zone.
Levels of 75 -74 are in a good demand zone and reversing from those levels, the short term targets could be around 100-110. Closing below 69 should be the stoploss.
One can also take this opportunity for investment purpose, as the navratna company is with no debts and has a reasonably good order book.
Do comment if you have any queries regarding the same and I am always open to your suggestions guys !
The stock price and RSI has already bottomed out, and is at a strong support zone.
Levels of 75 -74 are in a good demand zone and reversing from those levels, the short term targets could be around 100-110. Closing below 69 should be the stoploss.
One can also take this opportunity for investment purpose, as the navratna company is with no debts and has a reasonably good order book.
Do comment if you have any queries regarding the same and I am always open to your suggestions guys !
Aviso legal
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