With the holiday and wedding season upon us and international travel still not fully open expect Indian hospitality to have a bumper time..
EIH long at CMP with SL below 140.
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
NSE:EIHOTEL
1) price moving up on back of huge volumes, sudden institutional interest in the stock
2) consolidation on very low volumes, supply being absorbed, forming a volatility contraction pattern.
most day's have very tight closing and volume has dried up completely
3) BO from this range, again with heavy volume activity
The stock has given a strong breakout on weekly as well on the daily time frame
145-150 Looks minor resistance/ supply zone
after a long time of consolidation, the stock has given volume supported breakout.
one can look for a swing long after sustaining above 151
1st target will be 180 and SL 120
the rally has seen all other hotel services related stocks stocks
I will buy EIHOTEL because :
The price is going to brake the resistance.
It showed a good move upwards before breaking Resistance.
The price is now at support the resistance may act as SUPPORT.
Entry : 125
Target : 211
Stop loss : 100
Good risk-reward trade is visible in this chart with best buying range between 110-120 with SL below 105 for the target of 148+ in around 3-6 months. The stock will face immediate resistance around 125 beyond which it should fly.
EIH LTD is trading in the channel for a long time, it formed a cup & handle pattern and given a breakout in the daily frame. Volumes are also looking good. Wait for a retest or channel breakout for a better risk-reward.
Education Purpose Only.
#EIHHOTEL (daily)
-A probable beneficiary from reopening of the economy and relief package.
-Breakout from cup and handle formation.
-No promoter pledge.
-Profitable hotel chain.
-Good buying volumes.
-Buy at CMP. Safe buy around 111.
-Targets are marked out in Purple.
-TF ~ 1-2 months.
-Stoploss daily close below 106.
Disclaimer: I am not SEBI registered....
The stock is moving in a wedge. It has taken resistance at the upper trendline on the daily chart. All oscillators are in bullish bios. Relaxing in Lockdown will boost movement in the near term. for further movement, stock pricing should sustain above 122. Above 122, We can expect price movement up to 160 in the near term.
Watch out EIHOTEL in coming days.
It has formed a parallel channel for long. Price getting rejected at the upper channel part for 4 times. If it breaks, we can see good upside in the coming days. Initial target being 140.
Please do your own analysis before investing.
EIH Ltd. is forming a nearly perfect cup and handle pattern. One can BUY around 114-115 when breakout with good volume happens and can expect up to 25-30% returns in the short-medium term. The target is around 144-145 (adding 31 points dip to the breakout level of 114 gives 145).
BUY - 114-115
TARGET - 144-145
SL - 103-105
Disclaimer - This is just for ...
EIH Ltd. engages in the provision of hotel services. It is focused on owning and managing premium luxury hotels and cruisers under the luxury Oberoi, Maidens, and Trident brands. The firm is also engaged in flight catering, airport restaurants, project management, and corporate air charters. The company was founded by Rai Bahadur Mohan Singh Oberoi in 1934 and is headquartered in New Delhi, India.
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