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Technicals for Engineers India Limited
By MusingTheNews
2026-02-02 20:33
Overall Technical outlook
Price Summary
On 2026-02-02, Engineers India Limited's stock started at 168.35, soared to 172.5, dropped to 165.99, and finished the day 1.75% up at 171.3, with a trading volume of 1960113 shares. Over the course of 52 weeks, the stock peaked at 250.52 and hit a low of 146.85. ENGINERSIN's future price is expected to lie between 205.0 and 285.0, with an average expectation of 242.2, as per the recommendations of 5 analysts.
Technicals
Support and Resistance: The price of 171.3 is supported at 164.56 and faces resistance at 190.31. This range suggests key levels for ENGINERSIN where the price may stabilize, with 164.56 acting as a support and 190.31 as a cap on gains. Support/Resistance for ENGINERSIN
Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for ENGINERSIN. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Aroon chart for Engineers India Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Engineers India Limited
Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher. Parabolic Stop and Reverse chart for Engineers India Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. 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 company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.
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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