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Published on 14/01/2020 12:09:45 PM | Source: HDFC Securities Ltd

Momentum Pick Of Buy EIH Ltd For Target Rs.158​​​​​​​ - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Hotel sector #HDFC Securities #EIH Ltd #Trading Report

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Momentum Pick Of Buy EIH Ltd For Target Rs.158 - HDFC Securities

Observation:

* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication

Recommendation

Buy EIH Ltd  SL 139.90 Target 158 CMP 147.05

 

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