Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline.
A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head.
SL is deep...
Stock Name - Chalet Hotels Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 511
#This is not Buy and Sell recommendation to any one. This is for education...
CHALET NSE:CHALET
Looks like it's out of Squeeze and closed above the previous week's high.
Monthly and Weekly trends changed to Positive.
On Weekly time frame, SMA 13> SMA 34> SMA 55 and currently Close crossed W13 Upside
On RSI - M:66.3 WK:55.1 D:61.4 (Raising)
Add to watchlist - should see the good upside.
Possible targets - 393, 415, 478.
Chalet hotels to take a long entry above 370 for the next target level of Rs 400-405 with SL of 345-348. Good risk-to-reward ratio. Stock is trading near the 50 EMA Levels & with a high probability that stock will move up from the current level. currently, the chart is forming a hammer pattern in the last two sessions. This is for your educational purpose only.
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
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
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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
