ENGINERSIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

📈 Technical Analysis

• 📉 Chart Pattern: The stock is showing signs of a mild pullback after a recent rally, hovering near its 200-DMA.
• 📊 Moving Averages: Price is at par with both 50-DMA (203 ₹) and 200-DMA (202 ₹), indicating indecision and potential consolidation.
• 📉 RSI (52.0): Neutral zone, suggesting balanced buying and selling pressure.
• 📉 MACD (-0.13): Slightly negative, indicating weakening momentum and potential short-term bearishness.
• 📉 Bollinger Bands: Price near mid-band with narrowing bands, suggesting low volatility and a potential breakout setup.
• 📉 Volume Trend: Current volume (24.65L) is slightly below 1-week average (24.87L), indicating neutral sentiment.

📍 Entry & Exit Zones

• ✅ Entry Zone: 195 ₹ – 200 ₹ (near 200-DMA and recent support)
• 🚪 Exit Zone: 225 ₹ – 235 ₹ (resistance zone from previous swing highs)

📊 Trend Status

• 🔄 Current Trend: Consolidating with mild bearish bias
• 📉 Bias: Cautiously bearish unless MACD turns positive and RSI crosses 55

✅ Positive

• Strong ROCE (24.4%) and ROE (18.4%) reflect efficient capital deployment.
• Low debt-to-equity ratio (0.01) indicates a healthy balance sheet.
• Attractive dividend yield of 1.96% provides income cushion.

⚠️ Limitation

• MACD in negative territory, suggesting weak momentum.
• Price hovering around key moving averages — lacks directional clarity.
• Recent drop in PAT (243 Cr. to 70.1 Cr.) may weigh on sentiment.

📉 Company Negative News

• Quarterly profit dropped significantly, raising concerns about earnings consistency

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📈 Company Positive News

• Despite earnings dip, the company maintains strong fundamentals and continues to trade near long-term support levels

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🏭 Industry

• Engineering & construction sector is experiencing moderate growth with cyclical tailwinds.
• Stock P/E (23.6) is slightly above industry average (22.1), indicating fair valuation.

🧾 Conclusion

• Engineers India Ltd. is in a consolidation phase with neutral technical indicators.
• Short-term traders may consider entries near 195 ₹ with exits around 230 ₹.
• Long-term investors should monitor earnings recovery and volume breakout for confirmation.

Sources

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TSR

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