EIHOTEL trade ideas
EIH Ltd:- TRADE PLAN 23 JUL ONWARDSConsolidation pattern (Wedge ) shaping up in EIH Ltd .
Waiting for breakout & confirmation of the pattern!!!
Healthy Bullish Volume
Levels mentioned on chart.
Trade Plan:
Buy – 63.55
Target 1 – 81.50
Target 2 – 87.40
Target 3 - 94.95
Strict stop below- 58.35
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind,Jai Bharat
EIH LIMITED BREAKOUTEIH LIMITED given a breakout from its resistance of 83 and stock having strong support at 60.10
Buy at CMP(87) or in dips
Targets:- 100 / 136
With following stoploss:- 78
Disclaimer:- Do your own Research before investing, Trade on your own risk.
Buy EIHOTEL above 83 for Target of 140.....This Stock is showing Higher Unusual Volume from Couple of Weeks Fundamentally it’s strong and RSI is also came above 40 after making the Stocks bottom.....
Big Fishes are diving in this Stock.... So as per me its gonna be in Multibagger in Long Term Horizon....This Stocks Trend has Changed so make a big move with us in this...
One Right Trade's Swing Trade Idea #56 : Buy on EIHOTEL Please do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade is only for study purpose and is not a trading call.
EIH Ltd - Potential bottoming outWith Reliance being open to outright buying this company (Subject to promoter wanting to sell) and also a new hotel coming up in Mumbai soon, EIH could be a potential bottoming out candidate.
Its quite a low risk opportunity since the stop loss will be slightly below the breakdown levels.
It is a long term breakout retest and also on the daily there is a HUGE positive divergence (5 times).
EIHOTEL - Bullish Bat - 4H TFBullish Bat pattern on 4H Chart of EIHOTEL. BUY 164-165, SL 162.9, Target(s) - 168, 170.
EIH - GOOD FOR BUYINGEIH HAS TARGETS OF 210 IN THE COMING DAYS.
HOURLY CHART IS IN BEARISH MODE.
PLACE BUY FROM 187 TO 189 RANGE.
TARGET OF 208 AND STOP LOSS AT 185.
EIH : Bull FlagOn weekly charts, Scrip has been consolidating between certain channels since 6 months and now, on the verge of breakout after reaching at 52-week high
Enter at 153 - breakout (Post confirmation) to aim for newer highs
Price target - 200
Profit book - 176
Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) about to break above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon and is reinforced by high trading volumes however, high trading volume is yet to be seen as prior for reinforcement to be gained.
EIH Eastern International Hotels (Oberoi Group) prices movements are an interesting study in diverging trends. I like to study weekly charts since they are better indicative of medium term trends and give a clearer picture of the strength or weakness of a scrip.
1 and 2, the price and the oscillator move in opposite direction, further the A/D trend (5) also is downward. This confirms the weakness of the upward movement. Similarly 3 and 4 the price stays flat and Stochastic trends upward. When you encounter a divergence in two indicators then this implies to tread with caution.
In the last week the price has dipped below the 200 EMA and this is confirmed by both the stochastic and A/D. Moreover the relative strength vs. Nifty which has been flat, has seen a downward curvature. This is a good opportunity to go short on the stock with stop loss at 100, the stock is likely to move to the early 80's next couple of weeks.
