EIH-Will it break or fall back to support?
EIH Limited has recently exhibited multiple inside bar patterns on its daily chart. An inside bar occurs when a candlestick's price range is entirely contained within the range of the preceding bar, signaling market consolidation and potential for a significant price movement.
The presence of multiple inside bars suggests a period of low volatility, often preceding substantial breakouts. Consider monitoring EIH's price action closely, as a decisive move beyond the mother bar's range could indicate the next directional trend.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.
The presence of multiple inside bars suggests a period of low volatility, often preceding substantial breakouts. Consider monitoring EIH's price action closely, as a decisive move beyond the mother bar's range could indicate the next directional trend.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.