JUNIPER HOTELS LTD - Strong Reversal on the way

JUNIPER
Company Profile
Juniper Hotels Ltd. engages in the hotel operations. It identifies and acquires sites to develop its hotels and serviced apartments. The firm's portfolio includes Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi. The company was founded by Arun Kumar Saraf on September 16, 1985 and is headquartered in Mumbai, India.

Technical Factors.

1. Major Support Area- the price has reversing for 2nd time from the listing price level, which formes a good demand zone.

2. the last fall is on very low volume shows sellers are exhausting.

3. In the last session it has broken the resistance trendline and very narrow range base with more than average volume.

4. Our entry is above the major swing high @458, which is also a horizontal resistance area.

5. Short term players can keep a small stop around 415 zone and long term players can accumulate more at demand zone with a stop below listing price on weekly closing basis.

Fundamental factors

1. The company is performing well and now its doing a turnaround from loss to profit

2. operating margins are improving

3. the company has reduced the debt significantly and also received healty rating from credit rating agency.

The Traget levels are mentioned on chart.

Note:- Always use position sizing to know how much quantity to enter in.

Keep Learning,
Happy Trading.

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