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Hospitality

Chalet hotes IHNS breakoutChalet 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 around 30 points at 375 levels. Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
NSE:CHALETLong
by chartistamey
East india hotel-Beautiful IVHS patternEIHOTEL has beautifully formed an inverted head and shoulder pattern in weekly TF with neckline being an important supply zone of 200-210. The stock has given a weekly closing above this zone and is looking ready for a breakout. It can be added on dips upto 195 with a SL of weekly closing below 184. ATH level of 227 might prove as a minor resistance before a bigger upmove. Keep this stock on watchlist as hospitality stocks like ITC, Chalet hotels, Indian hotels have already started the uptrend. Please note that idea is shared only for educational purposes and should not be taken as a recommendation!
NSE:EIHOTELLong
by chartistamey
Indian Hotel Chart Analysis !! BrokeOut📈 Indian Hotels 📉 It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side. On Buy Side I am looking for Targets of 290. StopLoss should be kept at 219. It offers 1 : 2 Risk Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:INDHOTELLong
by ShelendrAgrawal
INDIAN HOTEL - Flag and Pole Pattern BREAKOUT1. After the fall of March 2020, this stock started recovering slowly 2. Every up move showed a Flag and Pole Pattern breakout with good volume 3. Recently, there is a breakout of a similar pattern with good volume 4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level) 5. Volume on Breakout is also good on a Daily Chart. Additionally, states are relaxing Covid restrictions and hotel bookings SHOULD rise. Keep in mind, there can be a fear of third wave. But these factors are already discounted in the chart. BUY: 140 (Today's close Breakout Candle) Target: 158 (Previous Resistance) Tight SL: Below 135 Wide SL: 130 Note: Keep in mind, there is a resistance at 145. Disclaimer: This is purely for educational and learning purposes. This is NOT a BUY/SELL recommendation. Please do your own research before investing/trading.
NSE:INDHOTELLong
by sacban89