ENGINEERS INDIA - Swing Trade Analysis - 29th April #stocks

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ENGINEERS INDIA (1D TF) - Swing Trade Analysis given on 29th April, 2024

Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Daily Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress

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ENGINEERS INDIA Update (as on 15th May, 2024)

✓ 10% Up in 8 Trading Sessions

- Taken an entry when it retested our demand zone
- But due to overall market conditions, the stock fell past our trendline
- Manipulation happened at the trendline with a false breakdown
- Held through cause volumes started building up with the hammer candle
- On the 14th of May, there was Strong pullback with volumes
- First Target Level Achieved

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ENGINEERS INDIA Update (as on 23rd May, 2024)

✓ 23% in 13 Trading Sessions

- Both Target Levels Achieved
- Strong Volumes Buildup
- Breakout on a Weekly Time Frame as well
- TSL is on

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