ENGINERSIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | ENGINERSIN | Market Cap | 14,160 Cr. | Current Price | 252 ₹ | High / Low | 265 ₹ |
| Stock P/E | 19.4 | Book Value | 47.9 ₹ | Dividend Yield | 1.59 % | ROCE | 24.4 % |
| ROE | 18.4 % | Face Value | 5.00 ₹ | DMA 50 | 216 ₹ | DMA 200 | 203 ₹ |
| Chg in FII Hold | 1.92 % | Chg in DII Hold | -1.19 % | PAT Qtr | 302 Cr. | PAT Prev Qtr | 115 Cr. |
| RSI | 70.3 | MACD | 14.3 | Volume | 50,78,045 | Avg Vol 1Wk | 72,43,063 |
| Low price | 164 ₹ | High price | 265 ₹ | PEG Ratio | 1.92 | Debt to equity | 0.01 |
| 52w Index | 87.5 % | Qtr Profit Var | 242 % | EPS | 13.0 ₹ | Industry PE | 18.5 |
📈 Chart Patterns: Price is trading strongly above both 50 DMA (216 ₹) and 200 DMA (203 ₹), confirming bullish momentum. Trendlines show higher highs with resistance near 260–265 ₹.
📊 Moving Averages: Current price (252 ₹) well above both DMAs, reinforcing strong bullish bias.
📉 RSI: At 70.3, RSI indicates overbought conditions, suggesting caution for fresh entries.
📊 MACD: Positive at 14.3, confirming bullish crossover and momentum continuation.
📉 Bollinger Bands: Price near upper band, reflecting strong momentum but also risk of short-term correction.
📊 Volume Trends: Current volume (50.8L) below 1-week average (72.4L), showing reduced participation despite bullish price action.
🎯 Momentum Signals: Bullish. MACD and moving averages confirm strength, though RSI warns of near-term profit booking.
💹 Entry Zone: 240–245 ₹ (support levels).
💹 Exit Zone: 260–265 ₹ (resistance levels).
📌 Trend Status: Trending upward with strong bullish bias.
Positive
- Strong ROCE (24.4%) and ROE (18.4%) highlight efficient capital utilization.
- EPS of 13.0 ₹ supports earnings visibility.
- Debt-to-equity ratio at 0.01 shows near debt-free status.
- Quarterly PAT surged to 302 Cr. from 115 Cr., showing robust earnings growth.
Limitation
- RSI above 70 indicates overbought conditions and risk of short-term correction.
- Volume below average, limiting breakout confirmation.
- Stock P/E (19.4) slightly above industry PE (18.5), suggesting fair valuation but limited upside.
Company Negative News
- Decline in DII holdings (-1.19%) shows reduced domestic institutional confidence.
- Overbought RSI may trigger profit booking in near term.
Company Positive News
- FII holdings increased (+1.92%), showing strong foreign investor confidence.
- Quarterly PAT growth (+242%) highlights operational strength.
- Dividend yield of 1.59% adds shareholder value.
Industry
- Industry PE at 18.5 is close to ENGINERSIN’s P/E (19.4), suggesting fair valuation.
- Engineering services sector supported by infrastructure and industrial demand.
Conclusion
⚖️ ENGINERSIN is trending upward with strong fundamentals and bullish technicals. Entry near 240–245 ₹ offers a favorable setup, with exits around 260–265 ₹. Stop-loss should be maintained below 235 ₹. While long-term investors can hold confidently given strong ROE, ROCE, and low debt, short-term traders should be cautious due to overbought RSI and potential profit booking.