Stock Information Portal

Price and trend forecast of ENGINERSIN for Tomorrow, Weekly, Monthly

Engineers India Limited

Symbol: NSE:ENGINERSIN

ISIN: INE510A01028

218.35

As on 2024-04-12

73.80 (52W Low) 273.90 (52W High)

ENGINERSIN's Today's Performance

Engineers India Limited started the day by opening at 222.00 today 2024-04-12. Its shares reached a high of 224.15 and dipped to a low of 217.25 in intraday. When the markets closed, ENGINERSIN’s stock price settled at ₹218.35 per share. Also check out its key support and resistance levels.

ENGINERSIN Buy/Sell Targets

Tomorrow, sell ENGINERSIN when its price reaches ₹ 218.35 with a stop-loss order at ₹ 221.82. You can set the target price as ₹ 214.88 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ENGINERSIN for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ENGINERSIN

Resistance Levels Value in ₹
Tomorrow Resistance 1 223
Tomorrow Resistance 2 227
Tomorrow Resistance 3 229

Important Supports for ENGINERSIN

Support Levels Value in ₹
Tomorrow Support 1 216
Tomorrow Support 2 213
Tomorrow Support 3 209
Based on where the stock opens tomorrow, if ENGINERSIN opens on a positive note, our first target will be ₹223. If Target 1 is achieved, we will aim for Target 2 which is ₹227.

But if ENGINERSIN falls below the average value of ₹219.92, you can enter a sell side position with target number 1 - ₹216 and second target - ₹213 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ENGINERSIN

Looking at ENGINERSIN, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ENGINERSIN has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ENGINERSIN is moderate bullish.

Tomorrow's Volume based share price Forecast for ENGINERSIN

ENGINERSIN's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 34%.

Reversal detection for ENGINERSIN

Predicted trend chart of ENGINERSIN tomorrow for price forecast
ENGINERSIN may trend may continue to be bearish since stock is making lower low and we can get target of ₹223 in morning tomorrow
Target 1 tomorrow223
Target 2 tomorrow224
Target 3 tomorrow227
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ENGINERSIN's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ENGINERSIN opens on a positive note, our first target will be ₹222.58. If Target 1 is achieved, we will aim for Target 2 which is ₹226.82.

But if ENGINERSIN falls below the average value of ₹219.92, you can enter a sell side position with target number 1 - ₹215.68 and second target - ₹213.02

ENGINERSIN's Weekly Targets
1st Up Target 228.88
2nd Up Target 239.42
1st Down Target 212.53
2nd Down Target 206.72

As the week for ENGINERSIN ended on bearish sentiments, we can expect further continuation of this sentiment. ENGINERSIN's initial target will be 228.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 212.53 in the upcoming week.

Weekly OHLC Values
Open 223.00
High 233.60
Low 217.25
Close 218.35

Week for ENGINERSIN started with an open price of 223.00, and the close was at 218.35. ENGINERSIN reached the highest of 233.60 and dipped lowest up to 217.25 last week. This indicates a bearish sentiment for the week.

ENGINERSIN full month swing targets
Monthly Up Target 1 245.23
Monthly Up Target 2 255.77
Monthly Down Target 1 196.18
Monthly Down Target 2 174.02

Targets of ₹245.23 can be expected to be reached in the coming month. Once ENGINERSIN achieved this target, we can aim for the next upside target of ₹255.77.

ENGINERSIN if fails to hold upside, down targets of ₹196.18 and ₹174.02 can be achieved by end of this month.

For complete three weeks if ENGINERSIN is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ENGINERSIN

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

ENGINERSIN is expected to reach the target of 222.58 in tomorrow's trading session.

After achieving the initial target in ENGINERSIN, we will aim for higher targets of 226.82 tomorrow.

However, if ENGINERSIN starts to trade below ₹219.92, then we will shift our focus to the sell side and aim for down targets of 215.68 and 213.02.