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* On an hourly chart, the stock has given a breakout of its upper band of Falling Channel formation which indicates a bull run in the counter.
* On an hourly scale, the stock has started to trade above its 21 Hourly Exponential Moving Average which shows a positive move in the counter.
* Additionally, the stock has bounced back from the lower Bollinger Band indicator which is hinting a good upside move the stock.
* A daily momentum indicator RSI reading is at 37.63 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy EIH Ltd @170.70 Stoploss 181 Target 165
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