ENGINERSIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ENGINERSIN | Market Cap | 13,188 Cr. | Current Price | 235 ₹ | High / Low | 267 ₹ |
| Stock P/E | 20.6 | Book Value | 54.1 ₹ | Dividend Yield | 1.71 % | ROCE | 29.3 % |
| ROE | 22.6 % | Face Value | 5.00 ₹ | DMA 50 | 229 ₹ | DMA 200 | 210 ₹ |
| Chg in FII Hold | 1.92 % | Chg in DII Hold | -1.19 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 302 Cr. |
| RSI | 48.6 | MACD | -0.41 | Volume | 48,37,115 | Avg Vol 1Wk | 83,78,080 |
| Low price | 164 ₹ | High price | 267 ₹ | PEG Ratio | 0.88 | Debt to equity | 0.01 |
| 52w Index | 68.7 % | Qtr Profit Var | -37.5 % | EPS | 11.4 ₹ | Industry PE | 17.1 |
Chart & Trend Analysis:
ENGINERSIN is trading at ₹235, slightly above its 50 DMA (₹229) and well above its 200 DMA (₹210), showing medium-term bullish support. RSI at 48.6 indicates neutral momentum, while MACD at -0.41 reflects mild bearish crossover. Bollinger Bands are moderately wide, suggesting consolidation with volatility. Current volume (48.3L) is lower than the weekly average (83.7L), showing reduced participation.
Momentum Signals:
- RSI near 50 signals neutral momentum with scope for rebound.
- MACD negative, indicating short-term weakness.
- Resistance zones: ₹245–250 (near-term), ₹265–267 (major).
- Support zones: ₹230–232 immediate, deeper support at ₹210 (200 DMA).
- Trend status: Consolidating with mild bearish bias; reversal possible if price sustains above ₹245.
Entry Zone: ₹230–232 (accumulation zone)
Exit Zone: ₹245–250 (profit booking zone)
Stop-Loss: Below ₹210
Positive
- Strong ROCE (29.3%) and ROE (22.6%) highlight efficient capital utilization.
- Low debt-to-equity ratio (0.01) ensures financial stability.
- Dividend yield of 1.71% adds shareholder value.
- FII holdings increased (+1.92%), showing foreign investor confidence.
Limitation
- Quarterly PAT declined (₹152 Cr vs ₹302 Cr), showing earnings pressure.
- Stock P/E (20.6) slightly above industry average (17.1), suggesting fair but limited upside.
- Volume participation below average, limiting momentum confirmation.
Company Negative News
- Decline in DII holdings (-1.19%) shows reduced domestic institutional confidence.
- Quarterly profit variation (-37.5%) highlights earnings volatility.
Company Positive News
- Strong efficiency ratios (ROE, ROCE) despite profit decline.
- FII inflows reflect continued global investor interest.
Industry
- Industry PE at 17.1 is lower than company’s PE (20.6), suggesting premium valuation.
- Engineering services sector supported by infrastructure and industrial demand.
Conclusion
ENGINERSIN is consolidating near support levels with neutral RSI and mild bearish MACD signals. Entry near ₹230–232 offers a cautious setup, with exits around ₹245–250. Fundamentals remain strong with high ROE and ROCE, but earnings volatility and reduced volumes warrant cautious monitoring.
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