hi @bhikhu65
As requested here is chart after checking over multiple timeframes I found this interesting fact I.e. since the inception of this company it is facing resistance from upper end it never give close above 95 levels on monthly basis.
I know its been a tough investment from Investors perspective but we cant do much with this, we can only analyze by...
*Advani Hotels & Resorts (India) Ltd.*
Inverse H&S Pattern: Weekly Basis
Now, Cup & Handle Pattern: Weekly Basis
However, In light of recent Correction, Price / Volume Break-Out Needed.
If Happens then Good to Go!!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Potential Turnaround Story*
Co. into Tourism...
A GOOD CONFIRMATORY BUY CALL FROM MACD AND RSI!!
Bullish Engulfing candle was formed with good volume!!
TARGET PRICE=80/84
STOP LOSS=70/69 OR GO WITH TRAILING STOP LOSS!!
(THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE DONT TAKE IT AS ANY BUY OR SELL CALL)
HANDLE BREAKOUT AT 75 AT 75+ RECTANGUAR BREAKOUT OF 4 YEARS...KEEP EYE..EARLY ENTRY PROVIDES CUSHION FOR TEST OF 75 -80 LEVELS ONCE THAT IS CROSSED LOOK FOR 120+
