EIHOTEL LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
EIHOTEL trade ideas
EIH HOTELEIH HOTEL Is now in donw trend so let its downtrend must complete then think for buy around 216 to 200 after confirmation only, ya this price is much more low than LTP, But as per my study it shows the stock will definitely touch 216 to 200 level in few months, then u can start buying this stock., till then watch it for observation
EIH Ltd : Expected to rise to the Res 3 with 2-3 months.The price of an instrument is most likely influenced by its dominant cycle. We can identify specific support levels based on the volatility of this dominant cycle.
The Dark Green zone is a strong buy zone, where the price is likely to rise.
Trading cycles are short-term and also help define short-term support levels.
The price is currently in a strong buy zone for both the dominant cycle and the trading cycle in the 75-minute timeframe. This suggests that it may be a good investment for 2-3 months, with a target of the Resistance 3 zone.
Thanks
Strong BuyThe price of an instrument is most likely influenced by its dominant cycle. We can identify specific support levels based on the volatility of this dominant cycle.
The Dark Green zone is a strong buy zone, where the price is likely to rise.
Trading cycles are short-term and also help define short-term support levels.
The price is currently in a strong buy zone for both the dominant cycle and the trading cycle in the 75-minute timeframe. This suggests that it may be a good investment for 2-3 months, with a target of the Resistance 3 zone.
Thanks
#eih #hotelsDaily chart is strong for the stock, before results for the March-24 quarter stock took a dip, now near the support zone, stock has given the breakout in Mar-24 and now retesting the breakout levels, near the support zone, so risk reward is favourable. Buy Near 431 for the target 485 with stop loss 414 in next 1-2 Months.
EIHOTEL - INVEST & HOLD FOR 2 MONTHSEntry Level : 222
SL : 202
Targets : 242,256,273+
52wk High : 274.95
52wk Low : 150.35
Mkt Cap : 139.49 B
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Long Term Swing Trade IDea for EIHotelRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Trendline Resistance Breakout (Weekly TF) - EIHPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Investment pickEIH has made its all time high @ 205 in Dec 07. Now it is again trading near the same levels and taking resistance. Once it gives breakout, it will trade under blue sky and there will be no upper limit for the stock. This is a very good opportunity for Investors. CMP is 205. Accumulate below 220 and then buy aggressively after that . Stop loss is not given as it is an Investment pick. Do not put all the money together unless weekly closing above 220.
CMP - 205 W
Resistance BreakoutPlease 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
EIH LTD–Bullish BreakoutKey Points:
- Bullish Breakout
- 6 time up move rejected & 2 support level broken
- RSI > 70
- 50,100,200 EMA crossed and good potential of up-move
- Huge Volume > VMA
- Possibility of forming New ATH - Keep in folio for longer term
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Trendline BreakoutPlease 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