CHALET trade ideas
"Channel Pattern” *|Chalet Hotels Ltd|*"Channel Pattern” *|Chalet Hotels Ltd|*
Chart consolidated 11 Month Fixed Range between Feb-2024 To Dec-2024. Daily Breakout Done with Heavy Candle.
Expected Level 1442
Note- All information i am posting that only for learning purposes. ideas which i post not advisable and not recommendation to trade
CHALET - 8 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
CHALET1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
TRIANGEL PATTERN BREAKOUTa perfect book like triangle pattern is formed in challet hotels, entry on the breakout of the triangle pattern and the target can be all time high and above, keep sl below the triangle pattern .this stock has a bullish momentum previously and now is consolidating in this triangle pattern we can also consider this as a flag pattern or a penet patteren
Trade idea in Chalet Hotels
👋 Hey there! Ready to dive into the trading game? I'm your go-to Technical Analyst for some cool trade observations and trading wisdom. Just a heads up, my recommendations are all about learning and watching – no pressure to jump in. Let's break down those charts and turn them into some savvy trading know-how. Ready for a laid-back but enlightening journey through the markets? Let's do it! 📈✨ NSE:CHALET
chaletindian hotel has partnered with the Chalet Hotels for a Taj-branded hotel at Indira Gandhi International Airport’s Terminal 3 in New Delhi, India, according to a Wednesday statement.
With this, Indian Hotels will have 15 hotels across Taj, SeleQtions, Vivanta, and Ginger brands across the National Capital Region around Delhi, including three under development.
Shooting Star Formed on Weekly Basis
Good Day ,
Hello Traders,
Chalet Hotels formed a Shooting Start on Weekly Basis and it able to cross a major resistance. As of now, it may come down and test the levels for 355 and 333.
Chart Self explanatory
Time Frame : Weekly
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
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CHALET HOTELS stock is giving a buy signalhey guys,
after a short period of consolidation,
chalet hotels has shown a sign of buy signal
this stock was following two patterns
i.e
. descending triangle
and a consolidation in a rectangular area
now this stock has crossed it's resistance area in both of these patterns
and we can see a great buying in this stock
a large green candle is made
and this green candle stated that we can buy this stock and earn high returns
also the 20 day ema is above the 50 day ema
this states that the stock is in a continuing uptrend
therefore, you can grab this opportunity and buy chalet hotels stock
BUT , FIRST CONSIDER THE GLOBAL SITUATION THAT IS INFLATION , WAR BW UKRAINE AMD RUASIA , RISING BANK RATES AND THE INCREASING EXPORT DUTIES ON CRUDE OIL
after considering these situations
you can buy this stock and earn high returns
😀😀
and pls guys, if you liked my analysis comment , like and follow my account
thanks 😀😀