EIH Ltd - Buy between CMP & Rs.116 :: HDFC Sec, link

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Current Observation:
 The attached daily timeframe chart of this hospitality stock (EIH Ltd) is showing an excellent upmove over the last
few months in the sequence of higher tops and bottoms. The larger and minor support of ascending trend lines is
intact.
 Currently the stock price is showing accumulation pattern (or in the process of forming rounding bottom pattern) and
also making attempt to break above the neckline around Rs.117.50 levels.
 The decisive upmove above the neckline of Rs.117.50 could open up the potential upside target of around Rs.131.00
levels for near term.
 Daily momentum oscillator like RSI is turning up from near the low of 48 levels and from here, the daily RSI has a
possibility of moving above the upper 60 levels.
 Positive chart and momentum pattern is suggesting a fresh buying opportunity in EIH Ltd for near term.

LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010406