rk10

EIH Ltd - Potential bottoming out

Long
NSE:EIHOTEL   EIH LTD
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2
With Reliance being open to outright buying this company (Subject to promoter wanting to sell) and also a new hotel coming up in Mumbai soon, EIH could be a potential bottoming out candidate.

Its quite a low risk opportunity since the stop loss will be slightly below the breakdown levels.

It is a long term breakout retest and also on the daily there is a HUGE positive divergence (5 times).