A "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...
Reason for long
a) Weekly Mr.14 set up
b) Complex pull back set up
c) ABC set up
d) channel support
e) QQE support
SL compulsory
cash rich org
low debt org
197 is good for long term
The 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: 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...
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...
EIHOTEL 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...
Look 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.
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...
EIHOTEL:- 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...
A 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...
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.
EIHOTEL
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.
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...
Highest 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...
