CHALET potential breakout - 6 Months base.
- Consolidating in a narrow range near base high.
- Inside bar formation.
- Low risk entry point.
- Volume contraction.
Chalethotels
SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
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@visionary.growth.insights
CHALET HOTELS LTD Upside IdeaNSE:CHALET best entry level is 328 (have to wait for the buy level) with Stop loss of 305 (23 Point).
My upside target will be 336, 344 & 366. Best risk and reward option.
Note: This is my personal analysis, only for learning. Thanks.
Shooting Star Formed on Weekly Basis
Good Day ,
Hello Traders,
Chalet Hotels formed a Shooting Start on Weekly Basis and it able to cross a major resistance. As of now, it may come down and test the levels for 355 and 333.
Chart Self explanatory
Time Frame : Weekly
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
CHALET HOTELS stock is giving a buy signalhey guys,
after a short period of consolidation,
chalet hotels has shown a sign of buy signal
this stock was following two patterns
i.e
. descending triangle
and a consolidation in a rectangular area
now this stock has crossed it's resistance area in both of these patterns
and we can see a great buying in this stock
a large green candle is made
and this green candle stated that we can buy this stock and earn high returns
also the 20 day ema is above the 50 day ema
this states that the stock is in a continuing uptrend
therefore, you can grab this opportunity and buy chalet hotels stock
BUT , FIRST CONSIDER THE GLOBAL SITUATION THAT IS INFLATION , WAR BW UKRAINE AMD RUASIA , RISING BANK RATES AND THE INCREASING EXPORT DUTIES ON CRUDE OIL
after considering these situations
you can buy this stock and earn high returns
😀😀
and pls guys, if you liked my analysis comment , like and follow my account
thanks 😀😀
