Buy Engineers India Ltd. target Rs 174: Prabhudas Lilladher
Buy Engineers India Ltd. at a price target of Rs 174 and a stoploss at Rs 145 from entry point
By ETMarkets.com |
Prabhudas Lilladher has Buy call on Engineers India Ltd. with a target price of Rs 174. The current market price of Engineers India Ltd. is 156.25. Time period given by analyst is week when Engineers India Ltd. price can reach defined target. Prabhudas Lilladher recommended to keep stoploss at Rs 145.
The stock has made a lower bottom formation pattern in the daily chart and has given a bullish candle formation now. The RSI indicators from its oversold zone has reversed its trend signaling a buy and we anticipate the stock to move upward towards its previous peak level of 174. We recommend a buy in this stock for an upside target of 174 keeping a stop loss of 145.
The stock has made a lower bottom formation pattern in the daily chart and has given a bullish candle formation now. The RSI indicators from its oversold zone has reversed its trend signaling a buy and we anticipate the stock to move upward towards its previous peak level of 174. We recommend a buy in this stock for an upside target of 174 keeping a stop loss of 145.
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