VIEW ON EIH HOTELRally to been seen in Hotels stock
EIH Hotel also having a good chart structure
Target 285
Strop loss 274
EIHOTEL trade ideas
EIHOTEL | Multiyear Breakout📊 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 No:124)
TTM PE : 35.86 (Average PE)
Sector PE : 55.58
Beta : 0.73
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
11.75% away from 52 week high
Underperformer - EIH up by 5.01% v/s NIFTY 50 up by 8.82% in last 1 month
📈 FINANCIALS
Piotroski Score of 9/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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EIHOTEL go long if Crossed 242.55
Entry : 242.60
Stop loss : 224.90
Target : 276.50
NOT SEBI REGISTERED, do your own analysis before taking trade
Cup n Handle, all set for upmove1. 200 DMA is in long term uptrend.
2. In sideways for accumulation for more than 100 days.
3. Cup and handle pattern for further upmove.
EIH Ltd forms bullish "Continuation Wedge" chart patternA "Continuation Wedge (Bullish)" chart pattern formed on EIH Ltd ( NSE:EIHOTEL ).
After a temporary interruption, the prior uptrend is set to continue.
This bullish signal indicates that the stock price may rise from the close of 232.20 to the range of 249.00 - 253.00
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Technical Analysis of EIH LtdThe stock has completed the pullback and may shoot up in a few days. All hotels are sold out on match day at a premium, this will result in a high operating margin and massive QoQ growth.
EIH Limited: Hospitality Excellence and Trading Potential 🏨EIH Limited: Luxury Hospitality Player 🏨
Luxury and potential blend seamlessly! 🌟
Snapshot:
EIH Limited, a prominent name in the hospitality sector, is in the spotlight. Operating luxurious Oberoi hotels and five-star Trident hotels, this company has carved a niche in the industry.
Trading Insight:
Remarkable consolidation over 64 trading days has caught our attention. This phase of consolidation might set the stage for a significant market move.
Stay tuned as we keep an eye on EIH Limited for potential trading opportunities! 📊👀
(Note: This is not financial advice. Always conduct your analysis before making trading decisions.)
#TradingView #StockAnalysis #EIHlimited #TradeOpportunity
EIHOTEL - Breakout and Retest Setup 🚀Hey Traders! 📢
EIHOTEL is showing a promising Breakout and Retest setup, making it an excellent candidate for swing trading. 📈
**Key Points:**
- Clear breakout from previous resistance.
- Retesting the breakout level, confirming potential support.
- Positive momentum indicators.
- Potential for a significant upswing.
**Trade Strategy:**
- Entry: Above the retest level.
- Stop Loss: Below the support-turned-resistance.
- Target: Aim for a favorable risk-reward ratio.
Remember to conduct your analysis and risk management before entering any trade. Happy trading! 🚀💰
#SwingTrading #StockMarket #TechnicalAnalysis #EIHOTEL #TradingView #SwingTradeOpportunity
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!
Multi-Year Breakout in EIHOTELLook into this beautiful multiyear breakout of EIHOTEL, can test the target of 370.
Reason to consider this stock:
1. Good RR ratio
2. Multi Year breakout retesting
3. Volume rise since Mar'20
4. Cup & Handle breakout
Do your own analysis, and comment below if you have any points in favor or against.
Well, I think EIHOTEL could Break the SHELL. Do you?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.
The group has been in luxury hospitality business for 6+ decades in India and has expanded into international destinations viz. Indonesia, Mauritius, Egypt, and the UAE
The group manages 29 hotels & resorts (owned and managed) with room inventory of 4,269 across 6 countries at 15+ locations.
The Company was voted the ''Best Hotel Brand in the World'' at Travel + Leisure world's best award, 2022.
There was a 58% growth on YOY basis in online bookings in FY23.
Hotel Brands
A) Oberoi Hotels – In this brand, company operates 18 Hotels & Resorts, and a luxury River Nile cruiser in Egypt.
B) Trident Hotels – In this brand, company operates 10 Hotels with 2172 keys across 9 cities in India
C) Maiden Hotel – Established in 1903 as one of the first hotels in Delhi, Maiden hotel is a single hotel operated by a company in Delhi with 55 Rooms.
Owned Hotels - FY23
Average Daily Rate - Rs.11,465
Occupancy % - 77
Revenue Generate per Available Room - 127%
Managed Hotels - Q2FY23
Average Daily Rate - Rs.11,036
Occupancy % - 69
Revenue Generate per Available Room - Rs.7603
Low Debt and Higher Asset Base
The company has total assets of 2985 Crs and debt of only 217 Crs as of Sep 2022. Due to its large asset base, company has been able to borrow money at better interest rates. The Weighted Average Cost of Debt as of 30th September 2022 was 7.6%
Alliance
In FY23, company entered into a strategic alliance with the prestigious Mandarin Oriental Hotel Group.
New Projects for FY24
1 Bay Club, Mumbai: In FY23, the company opened The Bay Club which is Mumbai’s most exclusive members’ private club, managed by the Oberoi Group. It is an exclusive, by-invitation-only private members club situated at BKC.
2 The Oberoi Rajgarh Palace, a luxury project situated near Khajuraho is being developed. This resort will provide upscale lodging on a 62-acre site adjacent to the Panna forest
reserve.
3 The Company has obtained land use consent for its 55-acre beach-front property in Goa. This is still at planning stage.
4 The planning process is on for the Oberoi Hotel, at Bengaluru.
5 Construction is progressing at The Oberoi Wildlife Resort Bandhavgarh, located on a 22-acre site just five kilometers away from Bandhavgarh National Park.
6 The Oberoi and Trident resorts, on KohTan Island, located southwest of Koh Samui, Thailand.
7 The Oberoi Kathmandu is being developed on a greenfield site measuring five acres.
8 The Oberoi Wildlife Resort, located near Bardia National Park in Nepal, will be developed approx on 30 acres.
9 A luxury Nile Cruiser is planned with 25 cabins and will sail along the Nile between Luxor and Aswan.
10 Trident resort in Tirupati Andhra Pradesh is planned. This upcoming 100- key resort, will be developed by the Company’s subsidiary Mumtaz Hotels Ltd., will be managed by the Company.
EIHOTELEIHOTEL:- Wait for the breakout and plan only after it
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 all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Weely Flag BO in EIH HotelsA bullish falg and Pole Pattern structure is confirmed on the Weekly chart of NSE:EIHAHOTELS
Actually it was confirmed Last week onlybut i missed it. But still the Risk and reward is still favourable. So one can buy the scrip at cmp of rs 320 or below with a stop loss of rs 205 for targets of rs 235/250/265
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
EIH Ltd - Revenge Travel Will Not StopWho doesn't love good hospitality and good returns all at one place? More and more upside possible in this counter.
Bullish Flag breakout !After breaking lifetime high we see a very good flag formation.
This is good indication of further bullish move in EIH.
Usually quick move of size of pole can be considered.
Flag pattern is very commonly found and high probability pattern.
Stop loss below Flag can be considered.
Short Term IdeaEIHOTEL
Entry Above 226
Sl 213(D.C.B)
Tgt 240-255
Disclaimer: I'm not a Sebi Registered Advisor and this is not any kind of Recommendation to Buy or Sell.
Thanks and plz Like,Comment and Follow me Guys.
EIHOTEL - Must Awaited 15 Years Breakout (Part 2)We have waited for 3 months for this breakout as previous chart on same stock was posted in mid-May and stock has been consolidating ever since.
This is both Intraday & Swing potential.
Intraday
Entry - Above 226
SL - 221
Target - 230, 235
Swing
Entry - Above 227 (15 mins close)
SL - 217
Target - 235, 250, 260
Kindly follow strict risk management.
Thanks
Piyush Gupta
Learn & Earn
EIHOTEL - Weekly Chart AnalysisHighest weekly close after Jan2018. Very tight consolidation in last few weeks on low volumes at the resistance zone(203-215). NR7(Narrow Range for 7 days) breakout with decent volumes. We need one confirmation of price sustaining above 215 levels.
Price trading above key moving averages. The all time high is 227.15 but price never close above 215 levels on any timeframe since Jan2018 and this is the 1st week it's closed above this levels.
The over all trend is bullish on larger frame making HH's & HL's.
Let's keep this under our watchlist and wait for further confirmations.
Disclaimer: This is just an analysis and not a buy / sell recommendations. If you intend to trade this counter then do your own due diligence and trade at your own risk.
BREAKOUT, EIH HOTELS, 56% RETURNS!!!BUY - EIH LTD
CMP - Rs. 224
Target - 1: Rs. 296
Target - 2: Rs. 351
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Timeframe - 4-8 months
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Technicals - Cup Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
Ready To Big Breakout EITHOTEL like ITC EIHOTEL READY TO BREAKOUT STOCK @227 on closing basis big breakout happened of break 227 on a closing basis. ready to buy 15 yrs breakout. I am sharing this chart for education purposes.
