ENGINERSIN - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – Engineers India Ltd (ENGINERSIN) IntraDay Trade Rating: 3.6

The technical setup points to a mildly favorable intraday trading opportunity, but momentum is relatively weak. Let’s break it down

🔍 Key Observations

RSI: 35.0 → Approaching oversold territory; could signal bounce potential but lacks confirmation.

MACD: -1.17 → Negative and diverging; indicates short-term bearish pressure.

Volume: 27.7 lakh vs Avg 1Wk: 24.6 lakh → Above average activity; shows some interest despite momentum lag.

Price below DMA50 (226 ₹) → Bearish in the short term; facing resistance around DMA levels.

Recent Qtr Profit Jump (↑142%) → Positive for sentiment, but this is more relevant for swing than intraday.

💰 Optimal Trade Setup for Today

Action Price Range

Buy Entry Zone ₹213–₹216

Profit Target ₹220–₹222

Stop-Loss Level Below ₹211

🏹 Entry near intraday support with upside capped around previous resistance zones.

⏱ If Already Holding: Intraday Exit Strategy

Consider exiting if

Price rises to ₹220–₹222 range with volume exceeding 30 lakh+

RSI climbs above 40–45, suggesting strengthening trend

Exit immediately if

Price dips below ₹211, especially with falling volume

MACD continues widening downward, confirming bearish momentum

🧠 Trade Mindset Today

ENGINERSIN offers a range-bound setup, ideal for disciplined scalping rather than trend-following. The fundamentals are robust, but short-term momentum is lacking, so be nimble and data-driven during execution.

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