Looking at the technical parameters, the price volume has registered a breakout in the 58 week pattern. Booming with good volumes. Strong uptrend continues past all resistances. It is noteworthy that it is currently in a good uptrend beyond all moving averages. 14 day RSI stands at .. 75.23. OBV is at peak. If we look at the overall technical parameters, this stock will remain in a good bullish zone.
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At present the domestic stock market indices are trading in good profits. Bombay Stock Exchange index Sensex is moving at 62,580 mark with a gain of 280 points. The National Stock Exchange index Nifty continues to rise by 75 points at 18,580. Except the metal sector, everything continues to be profitable. S&P, on the other hand, cut India’s growth rate forecasts. At the time of writing, BPCL, Reliance Industries, Hero MotoCorp, Asian Paints and Wipro are among the gainers. JSW Steel, Hindalco, Tata Steel, Coal India and Apollo Hospital are losers.
Market experts say that momentum traders in particular should keep an eye on this Engineers India stock. It is said to add it to the watchlist and think about investing in the coming sessions.
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