Engineers India Ltd. cmp 98-99. Recently stock price broke above a 3 year high by giving weekly close above 88. A small double bottom formation and breakout marked in dotted green lines which ranges between 57 and 84, with pattern target at 111. Next major resistance is in range of 120-125.
As a sector, PSE index seems to be showing good strength with a lot of stocks showing breakouts and retests and then again starting to move up again.
disc: invested in EIL as a techno funda bet.
