#EIL has leveraged its strong track record to expand its operations internationally.
Company has executed projects in several countries of Middle East, North Africa & South East Asia including Algeria, Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, UAE.
✅Stock is Rising with Strong Volumes
✅Hight Traded & Delivery Volumes in last few days.
✅Stock Price is above 30 EMA on Daily, Weekly & Monthly Timeframe.
✅RS Value is Positive.
✅Price is above 50, 100 & 200 DMA on daily chart.
Nifty was trading in short term downtrend channel. On 21 December it gave breakdown on lower end & after than nifty started correcting even more, losing more than 3.5% in just 3 trading days.
Read these 2 Pages from the Book 📘 "Relative Strength With Technical Analysis by @YTA_School
2⃣ NIFTY 50
An inverted head and shoulder pattern was seen on chart few days back. If the index comes to retest and gives a strong bullish setup, we are looking for a strong upside move in nifty in coming months.
Read these 2 Pages from the Book 📘 "Relative Strength With Technical Analysis by @YTA_School
2⃣ NIFTY MIDCAP 50
Good resistance is seen ~ 8930 - 40 level. A good Cup shape breakout expected soon. Once breakout is done we can expect the midcap index and many midcap stocks joining the rally in couple of weeks