ENGINERSIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis of Engineers India Ltd. (ENGINERSIN)

⭐ Technical Rating: 3.5

📈 Trend Overview

Current Price: ₹217

50 DMA: ₹226 → Price trading below short-term average

200 DMA: ₹203 → Price still above long-term average

Trend Status: Reversing to bearish The stock has slipped below its 50 DMA and is showing signs of weakness after peaking at ₹268.

🔍 Momentum Indicators

RSI (35.0): Approaching oversold territory; bearish momentum

MACD (-1.17): Negative and diverging from signal line; confirms downtrend

Volume: Higher than weekly average, suggesting active selling pressure

📉 Chart Patterns & Signals

Recent Formation: Breakdown from rounding top pattern

Bollinger Bands: Price nearing lower band — potential bounce zone, but trend remains weak

Candlestick Signal: Bearish engulfing spotted near ₹224 resistance

📌 Support & Resistance Zones

Level Price Range (₹)

Support 210 – 213

Resistance 224 – 228

Breakout Zone Above ₹230 could revive bullish sentiment toward ₹245–₹255

🎯 Entry & Exit Strategy

Optimal Entry: ₹210–₹213 (near support zone)

Stop Loss: ₹205 (below recent swing low)

Target Exit: ₹224–₹228 (resistance zone); ₹245+ if breakout confirmed

⚡ Short-Term Signals

Bearish bias with weak RSI and MACD

Watch for RSI reversal above 40 and MACD crossover for momentum shift

Volume spike near ₹224 would indicate potential recovery

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