amankavi
Long

EIH : Bull Flag

NSE:EIHOTEL   EIH LTD
On weekly charts, Scrip has been consolidating between certain channels since 6 months and now, on the verge of breakout after reaching at 52-week high
Enter at 153 - breakout (Post confirmation) to aim for newer highs
Price target - 200
Profit book - 176
Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) about to break above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes however, high trading volume is yet to be seen as prior for reinforcement to be gained.

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