ADVANIHOTR trade ideas
Ultimate Rejection Zone Since Inception!hi @bhikhu65
As requested here is chart after checking over multiple timeframes I found this interesting fact I.e. since the inception of this company it is facing resistance from upper end it never give close above 95 levels on monthly basis.
I know its been a tough investment from Investors perspective but we cant do much with this, we can only analyze by Technical way. and I know the recent trendline which I made in the chart was also not that perfect but it has the highest connecting points and clearly we can see that chart was gave breakdown below that line.
so the sand of line for me in this particular script is 60 level on monthly basis, I would like to add that do not try to average this script on lower side but once its crossed its upper range and when price will sustain above that then and then only add these kind of scripts on Price action when they will retrace .
I don't when it will happen but I wish you all the best till that particular period of time.
That's all from my side.
Thank you for your time, Love And Support.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Advani Hotels & Resorts (India) Ltd.*Advani Hotels & Resorts (India) Ltd.*
Inverse H&S Pattern: Weekly Basis
Now, Cup & Handle Pattern: Weekly Basis
However, In light of recent Correction, Price / Volume Break-Out Needed.
If Happens then Good to Go!!!
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Potential Turnaround Story*
Co. into Tourism Sector. With Corona Subsiding, Travel is Picking Up:
Positive for Co. Strong Bounce Back in Dec'22 Qtr. /
Higher Sales / Improving Profit / Negligible Leverage / High TNW.
Stable Promoter Stake.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)