With Reliance being open to outright buying this company (Subject to promoter wanting to sell) and also a new hotel coming up in Mumbai soon, EIH could be a potential bottoming out candidate.
Its quite a low risk opportunity since the stop loss will be slightly below the breakdown levels.
It is a long term breakout retest and also on the daily there is a HUGE positive divergence (5 times).
Its quite a low risk opportunity since the stop loss will be slightly below the breakdown levels.
It is a long term breakout retest and also on the daily there is a HUGE positive divergence (5 times).