A 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...
Advani 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
1. 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...
The 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
Buy Advani hotels @ 80.5 for the targets of 88-90
Disclaimer: This is just an educational view. Please consult your financial advisor before investing.
