Know today’s top trending stock

Earlier this week, mid-cap and small-cap stocks showed massive buying interest. Some fundamentally strong stocks have attracted investors. One such stock is Engineers India (NSE code: ENGINEERSIND). The stock jumped 5% in early Monday’s trading session. The stock, which then caught the attention of investors, surged 20% on MTD basis. Basically, recent orders received, which have changed the face of the company positively, are the main reasons behind the stock’s surge.

Technically the stock is getting a breakout from the 58 week cup pattern. All previous resistance levels were breached with the support of high volume, proving that the stock is in a strong uptrend. All moving averages are in uptrend. This gives a bullish signal in all periods.

Also Read: These are the stocks that have seen a price volume breakout today

The 14-day RSI (75.23) is in a super bullish zone. At the same time OBV remains high and indicates strong buying in the stock. Overall, the stock is showing a very bullish trend. There are no signs of the share price going down.

Currently, the shares of Engineers India are trading at Rs 86 on the NSE at the time of writing this article. Momentum traders can keep this stock on watch list for coming days.

(This article is from Dalal Street Investment Magazine, India’s No. 1 investment magazine. Click here for the latest information on stocks and best stock recommendations.

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