Price and trend forecast of ENGINERSIN for Tomorrow, Weekly, Monthly
Engineers India Limited
Symbol: NSE:ENGINERSIN
ISIN: INE510A01028
254.85
As on 2024-07-26
ENGINERSIN's Today's Performance
Engineers India Limited started the day by opening at 257.00 today 2024-07-26. Its shares reached a high of 259.50 and dipped to a low of 254.05 in intraday. When the markets closed, ENGINERSIN’s stock price settled at ₹254.85 per share. Also check out its key support and resistance levels.
ENGINERSIN Buy/Sell Targets
Tomorrow, buy ENGINERSIN when its price reaches ₹ 254.85 with a stop-loss order at ₹ 250.42. You can set the target price as ₹ 259.28 to capture potential gains. This buy 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for ENGINERSIN
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 258 |
| Tomorrow Down Target 2 | 262 |
| Tomorrow Down Target 3 | 264 |
Important Levels for ENGINERSIN
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 253 |
| Tomorrow Up Target 2 | 251 |
| Tomorrow Up Target 3 | 247 |
Based on where the stock opens tomorrow, if ENGINERSIN opens on a positive note, our first target will be ₹258. If Target 1 is achieved, we will aim for Target 2 which is ₹262.
But if ENGINERSIN falls below the average value of ₹256.13, you can enter a sell side position with target number 1 - ₹253 and second target - ₹251 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 Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ENGINERSIN is moderate bearish.
Tomorrow's Volume based share price Forecast for ENGINERSIN
ENGINERSIN's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 34%.
Reversal detection for ENGINERSIN
ENGINERSIN may trend may continue to be bullish since stock is making higher highs and we can get target of ₹256 in morning tomorrow
| Target 1 tomorrow | 258 |
| Target 2 tomorrow | 260 |
| Target 3 tomorrow | 262 |
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 ₹258.22. If Target 1 is achieved, we will aim for Target 2 which is ₹261.58.
But if ENGINERSIN falls below the average value of ₹256.13, you can enter a sell side position with target number 1 - ₹252.77 and second target - ₹250.68
ENGINERSIN's Weekly Targets
| 1st Up Target | 271.80 |
| 2nd Up Target | 288.75 |
| 1st Down Target | 239.50 |
| 2nd Down Target | 224.15 |
As the week for ENGINERSIN ended on bearish sentiments, we can expect further continuation of this sentiment. ENGINERSIN's initial target will be 271.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 239.50 in the upcoming week.
Weekly OHLC Values
| Open | 260.00 |
| High | 273.40 |
| Low | 241.10 |
| Close | 254.85 |
Week for ENGINERSIN started with an open price of 260.00, and the close was at 254.85. ENGINERSIN reached the highest of 273.40 and dipped lowest up to 241.10 last week. This indicates a bearish sentiment for the week.
ENGINERSIN full month swing targets
| Monthly Up Target 1 | 304.10 |
| Monthly Up Target 2 | 321.05 |
| Monthly Down Target 1 | 207.20 |
| Monthly Down Target 2 | 159.55 |
Targets of ₹304.10 can be expected to be reached in the coming month. Once ENGINERSIN achieved this target, we can aim for the next upside target of ₹321.05.
ENGINERSIN if fails to hold upside, down targets of ₹207.20 and ₹159.55 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 258.22 in tomorrow's trading session.
After achieving the initial target in ENGINERSIN, we will aim for higher targets of 261.58 tomorrow.
However, if ENGINERSIN starts to trade below ₹256.13, then we will shift our focus to the sell side and aim for down targets of 252.77 and 250.68.