Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 5
Consolidation Days: 600+ Days
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#ORIENTHOT gave an entry at 64.20 as shown in chart below
Has moved from 64.20 to 81 levels
It is now trading above Resistance of 81
Next Resistance is at 102
Here are previous charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be...
On Friday, Oriental Hotels broke out from the resistance level of 70 to close at 73 levels, on good volume and with a bullish candle.
If it sustains the momentum, we might see the price levels of 88. On retracement, 73-70 levels can be good accumulation zone.
Strong support for the stock is visible at levels of 62, below which one needs to be cautious.