With 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...
On 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...
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...
EIH Ltd. engages in the provision of hotel services. It focuses on Oberoi, Trident, and Maidens hotels. The company was founded by Rai Bahadur Mohan Singh Oberoi in 1934 and is headquartered in New Delhi, India.