As per chart. Main buying reason is promoter buying shares as reported yesterday.
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You...
A very good entry point, Multi Bagger stock.
If crossed green trend line expect a very good break out for long position.
If crossed red trend line, short and expect correction.
My expectations is a very good upper breakout as covid vaccine is on way, most of people are looking for getting out for leisure time out. Eih hotel provides a price effective stay offers.
Target on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
EIHOTEL HAD RECENTLY BROKEN OUT FROM A RECTANGLE PATTERN
IT WAS FOLLOWED BY A RETEST WITH DIMINSHED VOLUME
NOW PRICE HAS STARTED ITS UPMOVE . SCRIP PROVIDES GREAT RISK REWARD AND COULD BE A MULTIBAGGER TRADE
EIH 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.
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...
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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...
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.