Long Engineers India for Target of 109 - 127 - 200

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Engineers India gave a perfect Triangle breakout on monthly chart.

82.5 is a first resistance once sustains above this then stock will go for target of 109.25
In few years can reach a target of 200+ if it shows improved earnings
Stop loss should be base of triangle pattern on closing basis.

注释
The breakout trade will be confirmed by end of this month. Then go Long
交易开始
Trade active and go Long
Stop Loss - 68.20 on closing basis (Monthly)
Buying Range Rs. 72 to 83
注释
some of the targets marked on chart is completed. Now waiting for 200 to be breached
注释
Important resistance taken out today 200 is coming and if the lifetime high is broken and sustained then aim for the sky
注释
Don't sell due to weak market. Hold it and money will come. All targets will come.
Problem with retail investors is fear and pre-mature exit.
注释
will go through some retracements before achieving the final targets. Hold
注释
Final target still intact
交易结束:到达目标
All three targets reached. Took more than a year but more than doubled the money.
breakouttradingEILengineersindiaFibonacciTriangle

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