The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Points to consider
Trend is Upward.
Consolidation after Upward move.
Staying above the trendline after a good breakout on DEC 1st.
WATCH if there is any sudden spike towards up.
Buy If,
Breaks 127.9 and Support trendline with good volume.
RSI breakout conformation
Any other conformation
📊 Script: ORIENTHOT
📊 Sector: Hotels & Restaurants
📊 Industry: Hotels
Key highlights: 💡⚡
📈Script is trading at upper band of Bollinger Bands (BB) and giving breakout.
📈MACD is giving crossover.
📈Volume is increasing along with the price which is volume breakout.
📈Current RSI is around 62.
📈Keep an eye on Script, it may give breakout above 130.55 price.
⏱️...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend.
Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.
Stock is trading in a channel with higher high pattern maintaining supportive Trendline, now ATH breakout, follow chart for proper support and resistance levels. Good risk reward.
Detailed View about this Breakout:
No.of Resistance: 5
No.of Support: 5
Consolidation Days: 600+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
BUY - ORIENTAL HOTELS
CMP - Rs. 90
Target - 1: Rs. 110
Target - 2: Rs. 128
.
Timeframe - 9 months
.
Technicals - Bullish Flag, Trendline Support
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Oriental Hotels CMP-79.70 3 March 2023
1. Retest support after forming ATH
2. Consolidated at 200 EMA
3. Channel Breakout
Buy above 81
Target1- 87.20
Target2- 92.80
Target3- 98.45
SL - 75.90
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means...
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
NSE:ORIENTHOT
#ORIENTHOT gave an entry at 64.20 as shown in chart below
Has moved from 64.20 to 81 levels
It is now trading above Resistance of 81
Next Resistance is at 102
Here are previous charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be...
9 Month trading rage with visible sign of accumulation .
emergence of high volume after brake out clear sign of smart money accumulation .
also from out preforming sector
