Royal Orchid Hotels- Multiple Resistance- Stock to WatchRoyal Orchid Hotels- Multiple Resistance- Stock to Watch
ROHLTD trade ideas
Breakout in Royal Orchid HotelBreakout in royal orchid hotels in Weekly Chart with volume confirmation
Buy ROYAL ORCHID HOTEL for 76 80 84 88 92 (Bullish Reversal)ROYAL ORCHID HOTEL
LONG for 76 80 84 88 92
SL 60
Bullish in this short term chartSupport is at 121 and resistance at 136. When the stock crosses 131, there could be a spurt in stock
Royal Orchid HotelA closing above 114 level will mark a new rally for the stock.
Stock has already run up in recent times, a consolidation can not be ruled out. I would like the stock to move past 114 and then do a retest of the Breakout.
Today was a low volume day and a consolidation in narrow range was seen.
