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Technicals for Engineers India Limited
By MusingTheNews
2025-10-17 20:33
Overall Technical outlook
Price Summary
On 2025-10-17, Engineers India Limited's stock began at 199.42, peaked at 199.65, declined to 197.35, and ended the day -0.35% lower at 198.73, with 815870 shares traded. During the 52-week span, the stock hit a high of 250.52 and a low of 146.85. According to 5 analysts, the future price is anticipated to vary between 205.0 and 269.0, with an average expected price of around 234.2.
Technicals
Support and Resistance: The current price for ENGINERSIN is 198.73, supported at 190.31 with resistance at 203.43. This indicates a trading range where 190.31 might prevent further declines, while 203.43 could hinder additional gains. Support/Resistance for ENGINERSIN
Aroon: The AROON is currently in a neutral position for Engineers India Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Engineers India Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Engineers India Limited
Parabolic SAR: The PSAR maintains a bullish outlook, reinforcing a support level that could help uphold the market's upward trend. This suggests that the market is likely to continue climbing, with the support providing a solid base for further gains. Parabolic Stop and Reverse chart for Engineers India Limited
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Stochastic chart for Engineers India Limited
Tripple Moving Agerage: The moving averages for ENGINERSIN for the 20-50-100 periods point to a bullish trend, but the slopes of the faster averages suggest this strength may be waning. The potential for a reversal is becoming apparent, as the shorter-term averages indicate that the upward momentum could be weakening, signaling a possible trend change. Tripple SMA chart for Engineers India Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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