ENGINERSIN - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.1

📊 Intraday Trading Analysis — Engineers India Ltd (ENGINERSIN)

✅ Strengths for Intraday Setup

Momentum Indicators: RSI at 51.9 and MACD at 0.39 suggest neutral-to-slightly bullish momentum — ideal for range-bound or breakout trades.

Volume: Over 20 lakh shares traded today, though below the 1-week average of ~33 lakh — still healthy for intraday liquidity.

Technical Setup: Price is hovering near the 50-DMA (₹209) and above the 200-DMA (₹203), indicating short-term support.

Institutional Sentiment: DII holdings increased by 3.54%, a strong bullish signal.

Low Debt: Debt-to-equity of 0.01 and solid ROCE (24.4%) make it fundamentally sound.

⚠️ Weaknesses

Earnings Volatility: PAT dropped sharply from ₹243 Cr. to ₹70.1 Cr. — a red flag for sustained momentum.

Valuation: PEG ratio of 2.41 and P/E slightly above industry average (24.3 vs 20.6) suggest limited upside.

52W Index: At 57.9%, the stock is mid-range in its yearly performance — not in breakout territory.

📈 Optimal Intraday Strategy

🔹 If Entering Fresh Today

Buy Zone: ₹206–₹208 (near current price and support zone)

Profit Targets

Target 1: ₹212 (minor resistance from recent sessions)

Target 2: ₹216 (if volume spikes and RSI > 55)

Stop-Loss: ₹203 (below 200-DMA and psychological support)

🔹 If Already Holding

Exit on Weakness

Price breaks below ₹204 with rising volume and RSI < 50

MACD turns negative or flattens

Exit on Strength

Price breaks ₹212 with volume >1.5x average and RSI >58

Trail stop-loss upward to ₹208 once ₹212 is breached

🧠 Final Take

ENGINERSIN offers a decent intraday setup today, especially for range-bound or breakout scalping. While earnings volatility is a concern, strong institutional interest and technical support make it a viable short-term candidate.

Sources: TradingView, Trendlyne, DailyBulls

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