Advanihotels
ADVANIHOTR - Weekly Chart Analysis, CMP-142.65A multiyear breakout seems happening on the monthly timeframe. Still monthly close matters in that case. But on a weekly chart it is showing good strength.
On a weekly timeframe as we can see it had broke the supply/resistance zone (93-106) and retested the zone forming base of 11 weeks and 23% range. This week it has gapped up and closed above the base on good volumes.
The previous supply/resistance shall now act as strong demand/support zone. So that would be the main support. The stock is sailing above all its key moving averages too.
111 should now be the initial support and a weekly close with the follow through if seen in any case would invalid our view.
145 - 168 - 198 - 283 are the levels that might be tested over the long term based on trend Fib.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Advani hotel
Market Cap
₹ 510 Cr.
Pledged percentage
0.00 %
Stock P/E
19.3
Dividend Yield
4.35 %
ROCE
66.4 %
ROE
50.6 %
Debt
₹ 2.09 Cr.
Intrinsic Value
₹ 68.1
EVEBITDA
13.2
NPM last year
28.9 %
ROIC
80.0 %
EPS
₹ 5.73
OPM
36.6 %
Profit growth
52.8 %
Enterprise Value
₹ 509 Cr.
Return on equity
50.6 %
Sales
₹ 99.1 Cr.
Piotroski score
8.00
Technical -- all time high break with good volume
Target base on Fibonacci
1st target 143 , 2nd - 163
Advani Hotel Near 7.5 Year Mega BreakoutAdvani Hotel Near 7.5 Year Long Breakout
If It Close Above 90 On Weekly & Monthly Time Frame Then It Will Be A Confirmation.
After Confirmation Use Dips To Buy It.
Cmp - 93.4
SL - 65 (Weekly Closing Basis)
Target - 130/155
Advani Hotels breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below daily supertrend
With quarterly sales increasing by 105% and quarterly profit increasing by 363% NSE:ADVANIHOTR gave a breakout with very big volumes after a consolidation of almost 4 years. Buy with a stop at or below Rs.91.
ADVANI HOTELS--> Solid upside potential after breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Swing buy above 80 for target of 88Buy Advani hotels @ 80.5 for the targets of 88-90
Disclaimer: This is just an educational view. Please consult your financial advisor before investing.
