ENGINERSIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.9

📊 Chart Patterns & Trend: ENGINERSIN is consolidating near its 50 DMA (198 ₹) and 200 DMA (201 ₹). Support lies around 190–195 ₹, while resistance is seen near 205–210 ₹. The long-term trend remains neutral with sideways consolidation.

📈 Moving Averages: Current price (199 ₹) is almost aligned with both 50 DMA and 200 DMA, indicating indecision and consolidation.

📉 RSI: At 47.1, RSI suggests neutral momentum, neither overbought nor oversold.

📉 MACD: Slightly negative (-1.30), showing mild bearish bias but not strongly trending.

📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation with limited volatility.

📊 Volume Trends: Current volume (7,69,316) is below the 1-week average (10,81,459), showing reduced participation and lack of strong momentum.

🎯 Entry Zone: 190–195 ₹ (near support and neutral RSI)

🎯 Exit Zone: 205–210 ₹ (near resistance and upper consolidation band)

Positive

• Strong ROCE (24.4%) and ROE (18.4%) highlight efficient capital usage.
• Low debt-to-equity ratio (0.01) ensures financial stability.
• Dividend yield at 2.02% provides income appeal.
• Quarterly PAT surged from 70.1 Cr. to 115 Cr., showing strong earnings growth.

Limitation

• P/E ratio (21.6) is slightly above industry average (18.8), suggesting mild overvaluation.
• PEG ratio of 2.14 indicates growth is not fully aligned with valuation.
• Weak trading volume reduces short-term momentum signals.

Company Negative News

• FII holdings decreased by 0.13%, showing reduced foreign investor confidence.
• DII holdings decreased by 0.56%, reflecting lower domestic institutional support.

Company Positive News

• EPS at 9.19 ₹ reflects steady earnings capability.
• Quarterly profit variation at 45.2% shows strong growth momentum.

Industry

• Industry P/E at 18.8 indicates sector is moderately valued.
• Engineering and consultancy demand expected to rise with infrastructure and energy projects.

Conclusion

⚖️ ENGINERSIN is in a consolidation phase with neutral momentum. Entry near 190–195 ₹ offers favorable risk-reward, while exits around 205–210 ₹ are optimal. Watch for volume recovery and MACD crossover to confirm a breakout from consolidation.