MTF Stock Pick Buy EIH Ltd For Target Rs. 140 - HDFC Securities
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MTF Stock Pick Buy EIH Ltd For Target Rs. 140 .- HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has broken out on the daily chart with higher volumes.
* Stock Price has broken out from the downward slopping trendline adjoining the highs of 04-June and 14-June 2021
* Short term trend of the Stock is positive where it is trading above its 5,20 and 50-day EMA
* Oscillators like RSI and MFI is showing strength in the current uptrend
* Plus, DI is trading above -DI while ADX line is placed above 20 Indicating momentum in the current uptrend
* Considering the Technical evidences discussed above, we recommend buying EIHOTELS at CMP of 115 and average at 108 for the upside targets of 126 and 140, keeping a stop-loss at 105
Buy EIH Ltd Up to 3 Months @ Average Level 108 CMP 115 TGT 140 SL 105
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