Chalethotel stock is rising in an uptrend forming higher highs and higher lows which is the basic definition of an uptrend. Stock has given a breakout on the weekly time frame and can be bought on cmp for the Tgt of zone of 380-400 in the coming weeks. Stop loss should be 290.
NSE: CHALET
If Breaks Then The Targets could be Taken at 360.10
Time Frame :- 1 Hour
Patterns Name :- Parallel Channel
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Closed with Bullish Engulfing.
20 SMA closed above Daily, Weekly, and Monthly time frames.
SMA-13 > SMA-34 > SMA-55.
Also current Close crossed Weekly 13 Upside
Volumes are low.
Keep it in the watchlist - enter once the breakout is seen.
CMP: 289
- Doji candles near Retest zone
- Similar setup to RCF; but RCF closed ~4% down today
- Let's see what CHALET does
- Entry near retest zone offers good Risk/Reward
NSE:CHALET at the verge of breakdown.
I expect downside to come heavily and Chalet is Gone... going down.
Educational Purpose only,
No Trade advised here, it is all for purpose of learning.
Chart -> Chalet Hotels Weekly
As per chart, we can see a range breakout in Chalet Hotels with good volumes.
CMP: 298
Targets: 350 & 400
StopLoss: 220 on weekly close basis
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
This is follow-up on Chalet Hotels. Can check link to related ideas.
Target 2 achieved. More than 35%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
This is follow-up on Chalet Hotels. Can check link to related ideas.
Target 1 achieved. More than 20%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target:- 270
Stop Loss:- 203
Duration:- 5 to 6 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
stock breaks a good resistance level today and 2 head and shoulder pattern as well
can move like my previous head and shoulder breakout idea kotakbank or koltepatil both worked well
for educational purpose
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
BSE:CHALET is continuing upwards and would cross the previous high to go touch Rs250 or level around this price.
A good channel can be detected and High rise each time it consolidates.
So yeah, keep an eye(wink!)
