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Technicals for Engineers India Limited
By MusingTheNews
2025-06-13 20:32
Overall Technical outlook
Price Summary
In today's trading session, ENGINERSIN's shares slid by -3.68%, marking a lacklustre day. On 2025-06-12, Engineers India Limited's stock opened at 230.9, reached a high of 230.9, dropped to a low of 221.32, and closed lower -3.68% at 222.41, with a trading volume of 5312412 shares. During the 52-week span, the stock hit a high of 290.25 and a low of 146.85. Analysts predict that the future price will fluctuate between 190.0 and 242.0, with the mean expected price being approximately 216.66667.
Technicals
Support and Resistance: At 222.41, the price is supported at 188.46 and faces resistance at 229.48. This range suggests that the price for ENGINERSIN might stay between these levels, with 188.46 acting as a floor and 229.48 as a ceiling. Support/Resistance for ENGINERSIN
Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Engineers India Limited. This suggests a period of market balance, where neither side is showing dominance. Aroon chart for Engineers India Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for ENGINERSIN, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Engineers India Limited
Parabolic SAR: The PSAR maintains a bearish stance, establishing a resistance level that could act as a barrier to any upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, keeping prices in check. Parabolic Stop and Reverse chart for Engineers India Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Stochastic chart for Engineers India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Engineers India Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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