Hello Traders ! The above analysis was done on a "Monthly" basis, the holding period may take a few weeks or months to reach the targets. Trade Setup and Analysis : In monthly time, we can see an ascending triangle pattern on the above chart, as well as a Cup and Handle structure, which I have highlighted in the image below; both patterns were bullish in...
Stock has given a breakout after a consolidation into a parallel channel. Stock is likely to move up towards the 310-315 zone in the coming weeks. Buy with SL of 275 and look for the tgt of 310-15.
The analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
NSE:ROHLTD CUP PATTERN founded on this stock on MTF mothly time frame
Stock Name - Royal Orchid Hotels Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 300 #This is not Buy and Sell recommendation to any one. This is for...
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...
16 Years #Multiyear #Breakout at #ROHLTD (Royal Orchid Hotels Ltd) Weekly Chart. Its #Outperformed #Nifty. BSE: 532699 // NSE : ROHLTD What Is the Inverse #headandshoulders ? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to...
16 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...
The entire hotel sector is showing strength + guiding for strong numbers over the upcoming holiday season. The stock is breaking into ATH while the entire sector is in strength. Long at current prices but a smaller allocation. If the stock can retest 235 andd bounce from there it might make for an excellent long around that level + after the bounce adding more...
*** This is a monthly time frame analysis so this will be used for medium term swing trade. ***All time high was made in 2007 , was 250-260 precisely 261 and it never broken till now. ...
This is follow-up on Royal Orchid Hotels. Can check link to related ideas. Target 2 achieved. Gain of more than 48%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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...
This is follow-up on Royal Orchid Hotels. Can also check link to related ideas. Resistance 4/Target 4 achieved. Resistance 5/Target 5 is ON as it is comfortably trading above resistance line of 194.35. Has moved more than 124% since breakout at 100.40. Here are previous charts. Chart is self explanatory. Entry, Resistances/Targets and Support/Trailing...
This is follow-up on Royal Orchid Hotels. Can check link to related ideas. Target 1 achieved. Gain of more than 20%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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...
Stock has broken out of a long downward sloping trendline with good volume. Currently volume contraction and consolidation is being seen. Medium to long term outlook for the stock is 190, with intermediate resistance will be seen at 154 & 172. View will be negated below 108 on closing basis.
Look fresh in range 90-95 for upside 120/130 med term with SL 77..!!!
royal orchid hotel has been trading in range since the month of sep 2021 between the price range of 79 to 108. Increasing in volume indication some movement can take place in the stock rounding bottom can also be seen in the stock.. also good consolidation in weekly chart aswell . one can enter the stock if a 4 hr candle closes above 108 with a SL of 104.55 for...
Chart is self explanatory. Entry, Targets and Stop Loss 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 any trade.
Royal Orchid Hotel After correcting, stock moving up slowly, Rounding bottom pattern can be seen. Price at major Resistance level may break seeing Volumes. Entry can be above 110 levels on a closing basis. Also, 111 is a major Fib level, if it breaks can go up to 135 levels ie fib 50%. Target can be 10-20% on a trailing basis, upuo 120-130 levels. SL will be...