ENGINERSIN - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

Here’s a detailed technical analysis of Engineers India Ltd (ENGINERSIN)

📈 Trend Analysis

Current Price (₹208) is hovering around the 50-DMA (₹209) and slightly above the 200-DMA (₹203) — suggesting a neutral-to-bullish bias.

52-week Index at 57.9% implies the stock is trading in the middle range of its yearly high-low band (₹142–₹255).

Trend Status: Consolidating — price action is range-bound with no clear breakout yet.

🔍 Momentum Indicators

RSI (51.9): Neutral zone. No strong momentum either way.

MACD (0.39): Barely positive, indicating weak bullish crossover. Momentum is building but not yet strong.

Volume: Current volume (20.5L) is below 1-week average (32.9L) — suggests lack of conviction in recent moves.

📊 Chart Patterns & Moving Averages

Support Levels

₹203 (200-DMA)

₹195 (recent swing low)

Resistance Levels

₹215–₹220 (recent top and psychological barrier)

₹230 (next major resistance)

Price Compression near moving averages hints at a potential breakout or breakdown.

📉 Bollinger Bands

Price is likely near the middle band, with narrowing bands — a classic sign of volatility contraction.

Watch for a volatility expansion soon, which could trigger a directional move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 203–206 Near 200-DMA and support zone

Exit (Short-Term) 220–230 Resistance zone, potential reversal

Stop Loss 195 Below swing low and key support

🧭 Summary

Trend: Consolidating

Momentum: Weak bullish bias

Volatility: Low, but poised for expansion

Ideal Strategy: Accumulate near ₹203–₹206 with target ₹220–₹230. Avoid chasing until volume confirms breakout.

Would you like a visual chart or backtest this setup over the last few months?

Edit in a page