EIHOTEL – CMP 432 | Date 23Mar
The stock is in a strong uptrend and a breakout is expected if the price stays above 432.
The targets are 450, 470, and 485.
EIHOTEL is showing strong momentum in technicals.
1. Stock broke out of descending triangular Pattern after long consolidation and gave strong follow-through after the breakout.
2. Stock has filled the earnings gap quickly and currently sustaining above the gap area signifying strength of the buyers.
3. Stock has tested 50EMA once and bounced back quickly.
4....
🔘 Sustaining above the last quarter's earnings gap up of 13%
🔘 Trading above the gap zone for more than 1.5 months
🔘 Tightness in price near the breakout zone
🔘 Contraction in volume
Entry can be initiated above 428-430.
EIHOTEL:- Breakout has been received, if the price sustains then we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about...
#EIHOTEL trading above Resistance of 407
Next Resistance is at 507
Support is at 294
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#EIHOTEL trading above Resistance of 334
Next Resistance is at 407
Support is at 267
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
East india hotel has retested the breakout level of Inverted head and shoulders.
Above 240, stock can test 270, 300+ levels.SL is below 210 DCB
NIFTY is at a strong resistance of 19400. Any swing trade at this point is risky.
Idea shared for educational purposes.
EIH 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..
...
This is the chart of EIHOTEL Ltd, the stock has given a breakout on weekly timeframe and can continue its bull run further. I am Bullish on the stock for targets of 368, 400, 430, 460
Stoploss - 318
Only for Educational Purpose
Do your own research.
#EIHOTEL trading above Resistance of 294
Next Resistance is at 334
Support is at 227
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#EIHOTEL trading above Resistance of 210
Next Resistance is at 294
Support is at 160
Chart is self explanatory. Entry, Resistances and Support 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...
📊 DETAILS
Sector: Hotel, Resort & Restaurants
Mkt Cap: 15,205 cr
EIH is primarily engaged in owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands. The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.(Source : 202003 Annual Report Page...
