🚀 Engineers India Ltd (EIL): Rounding Bottom Breakout in Sight! 🚀
📉 CMP: ₹212
🔒 Stop Loss: ₹189
🎯 Target: ₹260
Why EIL Looks Promising?
✅ Rounding Bottom Formation: Strong base pattern on daily chart signals long-term reversal potential
✅ Reversal Signs: Bullish structure with increasing volumes confirms buyer interest
✅ Sector Tailwind: Capital goods & infra theme gaining strength—EIL may benefit
💡 Strategy:
📈 Staggered Entry: Ideal for long-term investors—accumulate in phases near support
🔒 Strict SL: Keep stop loss at ₹189 to manage downside risk
📍 Outlook: As EIL moves above key resistance levels with strength, it sets the stage for a breakout toward ₹260
📉 Disclaimer: Not SEBI-registered. Please conduct your own research or consult a financial advisor before investing.
#EIL #EngineersIndia #TechnicalBreakout #RoundingBottom #SwingTrading #StockMarket
📉 CMP: ₹212
🔒 Stop Loss: ₹189
🎯 Target: ₹260
Why EIL Looks Promising?
✅ Rounding Bottom Formation: Strong base pattern on daily chart signals long-term reversal potential
✅ Reversal Signs: Bullish structure with increasing volumes confirms buyer interest
✅ Sector Tailwind: Capital goods & infra theme gaining strength—EIL may benefit
💡 Strategy:
📈 Staggered Entry: Ideal for long-term investors—accumulate in phases near support
🔒 Strict SL: Keep stop loss at ₹189 to manage downside risk
📍 Outlook: As EIL moves above key resistance levels with strength, it sets the stage for a breakout toward ₹260
📉 Disclaimer: Not SEBI-registered. Please conduct your own research or consult a financial advisor before investing.
#EIL #EngineersIndia #TechnicalBreakout #RoundingBottom #SwingTrading #StockMarket
Trade active
📈 EIL Update:Rounding bottom breakout playing out beautifully—up 8% today, hitting a high of ₹234! 🔥
Momentum building strong—next stop: ₹260?
#EIL #BreakoutInAction #SwingTrading #TechnicalAnalysis #StockMarketIndia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.