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Royalorchid

Royal Orchid Hotels cmp 428.70 by Daily Chart viewRoyal Orchid Hotels cmp 428.70 by Daily Chart view - Support Zone 390 to 412 Price Band - Resistance Zone 430 to ATH 449 Price Band - Price attempting Breakout above Falling Resistance Trendline - Repeated Bullish Rounding Bottoms having Resistance Zone Neckline - Volumes are seen spiking regularly with heavy surges at intermittent intervals - Price trending with Positively setup Technical Indicators BB, EMA, MACD, RSI, SAR, SuperTrend
NSE:ROHLTD
by PIYUSHCHAVDA
Royal Orchid Hotel on a multi year high... deserves a watch...The stock is on a multi-year high, closing above the level of 261 last achieved in February 2006. Bullish candle formation on weekly chart with increasing volume and strong RS line. On the upside, can expect target of 365 in the medium term. Might also see price retracement till the level of 204 if the momentum fails to sustain. Strong support at 185-200. Not a buy/sell recommendation. Do consult your financial advisor and trade with strict stop loss of 5-8%.
NSE:ROHLTDLong
by TheUnlearningOne
16 years high breakout in Royal Orchid Hotel16 years high as well as range breakout supported by Rounding bottom pattern breakout. If breakout candle it is supported by volume in weekly chart then it could be much more stronger. Stock has a potential to reach 440 level. All time high was 261, now that level is broken. For the further upside move stock has to close above 271 level with good candle and volume in a weekly chart. 235-250 Level must act as support now. Ideal Stop loss will be 210. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:ROHLTD
NSE:ROHLTDLong
by KaravaliTradingZone_Official
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