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.
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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。