Down nearly 20% from highs! Engineers India stock showing signs of bottoming out; time to buy?

Engineers India stock is showing positive technical signals. The stock has reclaimed key moving averages, indicating a potential shift towards bullish momentum. Experts suggest short-term traders can consider buying the stock for a target of Rs 228. The stock has formed a strong base near Rs 195-Rs 200. This suggests buying interest and a solid foundation for future growth.