EIHOTEL looking good on Daily/Weekly charts for Long swing trade1. Good break out from Flag patten on Daily charts with volumes
2. Need to wait for pull back for better RR ratio
EIHOTEL trade ideas
EIHOTEL Stock Bullish Momentum EIHOTAL Trendline Breakout
Entry @407
Stop Loss 380
Target 460
This is only educational purpose not recordation.
Turning Bullish: EIH Introduction
EIH is the pioneer of luxury hotels in India.
EIH primarily owns and manages premium luxury hotels and cruisers under the luxury Oberoi, Trident and Maidens brands.
The Company is also engaged in flight catering, airport restaurants, project management and corporate air charters.
Fundamentals:
Market Cap: ₹ 24,461 Cr.;
Stock P/E(Ind. P/E): 38.5 (46.64);
Book Value: ₹ 63.0;
Dividend Yield: 0.31 %;
ROCE: 23.6 %;
ROE: 17.6 %;
Compounded Sales Growth (TTM): 20%;
Compounded Profit Growth (TTM): 56%
Company has delivered good profit growth of 30.2% CAGR over last 5 years
Cons: OPM: 26%(Sep.2024) down from 41%(Jun 2024)
Technical Analysis
EIH is trading near the important support level of 391.
Resistance levels: 406, 427, 461, 485
Support levels: 379, 365, 391
EIH Ltd: Symmetrical Triangle Breakout Imminent
EIH Ltd is forming a symmetrical triangle pattern on the hourly chart, with price action squeezing towards the apex. A breakout above 385 would signal a potential upward move, targeting the 410 zone. The RSI is trending upwards, indicating building bullish momentum. Watch for a volume spike to confirm the breakout, which could result in a swift move higher. Keep an eye on the support at 370 for stop loss placement in case of any pullback.
EIH Bullish Setup on Breakout of Descending TrendlineEIH is showing a potential breakout from the descending trendline on the daily chart, coupled with a bounce from the lower Bollinger Band, which suggests a reversal in momentum. The stock has found strong support near 365, with RSI indicating a slight bullish divergence. If the price breaks above the 390 resistance level, further upside towards 410-420 can be expected. Traders should watch for a confirmed breakout with volume for sustained momentum.
Flag Pattern and Support LineThis appears to be a strong support line, as it has been tested more than three times, and a FLAG pattern has also formed. It seems to be creating BOXES. Waiting to see if it breaks below this box to make lower lows.
In comparison to its peers, its P/E ratio is only 36.23, while Indian Hotels, Chalet Hotels, Lemon Tree Hotels, Juniper Hotels, and Mahindra Holidays have P/E ratios of 78.69, 80.92, 67.23, 176.39, and 66.61, respectively. Trident and Oberoi Hotels, renowned for their presence in the luxury segment, need no introduction. From a long-term perspective, this could be a solid investment, but the valuation still seems high, similar to the broader market. NSE:EIHOTEL
Ei Hotel - Ascending TriangleEIHotel :
Ascending Triangle breakout possibility
Looks strong above 400 with support at 390
EIHOTEL Trade Analysis for Buy using Wyckoff methodWyckoff Story
Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias.
Volume Analysis
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Final View
Bullish on stock with entry marked on the chart
99.9% profitable trade setupThis is my personal bullish setup which gives trades many rare by 99.9% true.
Go lon and buy it for a swing trade. SL is fixed, target is your wish.
Bullish set-up in EIHOTEL!!!EIHOTEL is showing strong momentum in technicals.
1. Stock broke out of descending triangular Pattern after long consolidation and gave strong follow-through after the breakout.
2. Stock has filled the earnings gap quickly and currently sustaining above the gap area signifying strength of the buyers.
3. Stock has tested 50EMA once and bounced back quickly.
4. Trading in a tight range and tested resistance level of 425-430 multiple times making the resistance weak.
Fundamentally the company is well positioned and is showing consistent earings growth which is clearly visible in the performance of the share price. Hotel industry is witnessing sectoral tailwinds and EIHOTEL is taking advantage of the same.
Takeaway - technically 425 to 430 will be best
Entry point, watch out for increasing volumes on intraday basis to take entry and trailing the SL based on the risk appetite is suited strategy to play this out.
⚡️ EIHOTEL: 422
🔘 Sustaining above the last quarter's earnings gap up of 13%
🔘 Trading above the gap zone for more than 1.5 months
🔘 Tightness in price near the breakout zone
🔘 Contraction in volume
Entry can be initiated above 428-430.
EIHOTELEIHOTEL:- Breakout has been received, if the price sustains then we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
VIEW ON EIH HOTELSGood chart
Resistance near 480 only visaible on the charts
Stop loss can be near 410
I am just representing my views.
For educational purpose only.
EIH Limited - Long Setup, Move is ON...#EIHOTEL trading above Resistance of 407
Next Resistance is at 507
Support is at 294
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
EIH Limited - Long Setup, Move is ON...#EIHOTEL trading above Resistance of 334
Next Resistance is at 407
Support is at 267
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
EIH retesting breakout levelEast india hotel has retested the breakout level of Inverted head and shoulders.
Above 240, stock can test 270, 300+ levels.SL is below 210 DCB
NIFTY is at a strong resistance of 19400. Any swing trade at this point is risky.
Idea shared for educational purposes.
EIH for 70% (approx..) GainEIH is showing a 15 year breakout with good volume accumulation. Volume is visible on the chart. View is based on monthly Chart. first pick had made in 2008 , another one is in '18 then '19 . So we can say that this is a multiyear breakout if it is close monthly candle above 215.
CMP : 225
TG : 370
SL : Below the trendline which is mention on chart..
Stock's selection based on 5 Point Analysis:
1: Idea : Multiyear Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : Going to Hold.
EIHOTELThis is the chart of EIHOTEL Ltd, the stock has given a breakout on weekly timeframe and can continue its bull run further. I am Bullish on the stock for targets of 368, 400, 430, 460
Stoploss - 318
Only for Educational Purpose
Do your own research.
EIH Limited - Long Setup, Move is ON...#EIHOTEL trading above Resistance of 294
Next Resistance is at 334
Support is at 227
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
EIH Limited - Long Setup, Move is ON...#EIHOTEL trading above Resistance of 210
Next Resistance is at 294
Support is at 160
Chart is self explanatory. Entry, Resistances and Support 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.
ALL TIME HIGH STOCK !!Stock looking good for short-term, today stock make new all time high.
we see good upside in coming days, keep on radar
