Chart of The Week - Samhi Hotels Ltd Target Rs.166.00 - Jainam
Samhi Hotels Ltd
Buy 156.00 Samhi Hotels Ltd CMP 156.00 Target 166.00 Stop loss 150.00 Holding Periond 2 Month
The stock price trading at Rs. 156.00 on 02nd NOV,2026.
Currently, the stock has formed a bullish Inverted Head & Shoulders pattern breakout on the daily chart, with the price moving above the neckline resistance zone. This pattern indicates a potential trend reversal from bearish to bullish, while the recent price action suggests improving buying interest in the stock.
At this point, the price is trading above the breakout zone, indicating positive momentum. Additionally, the momentum indicator RSI is approaching the 60 level, reflecting improving momentum and a gradual shift towards bullish sentiment.
We expect the stock price to continue its current bullish momentum and head towards 165-166 levels considering the current price action.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
