EIH-Will it break or fall back to support?EIH Limited has recently exhibited multiple inside bar patterns on its daily chart. An inside bar occurs when a candlestick's price range is entirely contained within the range of the preceding bar, signaling market consolidation and potential for a significant price movement.
The presence of multiple inside bars suggests a period of low volatility, often preceding substantial breakouts. Consider monitoring EIH's price action closely, as a decisive move beyond the mother bar's range could indicate the next directional trend.
Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.
EIH
EIH for 70% (approx..) GainEIH is showing a 15 year breakout with good volume accumulation. Volume is visible on the chart. View is based on monthly Chart. first pick had made in 2008 , another one is in '18 then '19 . So we can say that this is a multiyear breakout if it is close monthly candle above 215.
CMP : 225
TG : 370
SL : Below the trendline which is mention on chart..
Stock's selection based on 5 Point Analysis:
1: Idea : Multiyear Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : Going to Hold.
EIH Assoc Hotels Bullish biasOverall Structure Looks Bullish
SL 320
Target 510-520s Zone
POC Zone 365s
Price is moving in HH & HL Pattern on WeeklyTF
The price is just above the 200day Moving Avg for the stock with divergence
Stock is trading near the POC line
Expecting a potential upside on the stock
Lets deep dive into Daily analysis
On Daily time frame Chart we are able to understand that price was moving in downtrend
It gave a break out from the range and now trending up with Volume Spurt
And looks like Inverted Head & Shoulders Pattern formation
Potential Target based on Daily TF looks like 480s zone i.e. 23% upside with SL of 380
The Target is also reaching at Daily POC hence once that is achieved one needs to look forward to the price reaction on those levels for Weekly Trade
FY21-22 Swing Trade Idea #200: Long on EIHThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
#ICEMAKE 81.40 #Target 96(15%+) #stocks #banknifty #itc #HLVLTD#ICEMAKE
NSE: ICEMAKE
CMP 81.40
Target 1: 88
Target 2: 96
SL 74
RR Ratio > 2
Time Frame < 45D
Factors:
Inverted Head and Shoulder Pattern
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Cup and Handle Formation in EIH Ltd.EIH Ltd. is forming a nearly perfect cup and handle pattern. One can BUY around 114-115 when breakout with good volume happens and can expect up to 25-30% returns in the short-medium term. The target is around 144-145 (adding 31 points dip to the breakout level of 114 gives 145).
BUY - 114-115
TARGET - 144-145
SL - 103-105
Disclaimer - This is just for educational purposes. No recommendation is given. Trade at your own risk & will.
Any sort of feedback is wholeheartedly welcomed.
EIHOTELNote:
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 opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
EIH Eastern International Hotels (Oberoi Group) prices movements are an interesting study in diverging trends. I like to study weekly charts since they are better indicative of medium term trends and give a clearer picture of the strength or weakness of a scrip.
1 and 2, the price and the oscillator move in opposite direction, further the A/D trend (5) also is downward. This confirms the weakness of the upward movement. Similarly 3 and 4 the price stays flat and Stochastic trends upward. When you encounter a divergence in two indicators then this implies to tread with caution.
In the last week the price has dipped below the 200 EMA and this is confirmed by both the stochastic and A/D. Moreover the relative strength vs. Nifty which has been flat, has seen a downward curvature. This is a good opportunity to go short on the stock with stop loss at 100, the stock is likely to move to the early 80's next couple of weeks.