Royal Orchid Hotels Limited ConsolidatingRoyal Orchid Hotels Limited Consolidating currently between Price range Make sure to Buy at the support for better Risk to Reward.
ROHLTD trade ideas
ROHLTDThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
Royal Orchid Hotels Good Investment BetHere comes another gem in this sideways market.Shooting up with good volumes and, very strong on larger weekly time frame.Stock has given a breakout after good consolidation from Sep '2022 and currently trading in uncharted territory.Set up is too good to ignore and is having a good Risk to reward ratio.Stop weekly close below 300 and immediate Fib targets seems to be 395 & 445.
Multi year breakoutthis stock crossed the IPO price for the first time after consolidating within 35% near ATH for about 8 months shows all good signs to add to the watchlist and waiting to restest for entering.
royal orchid hotelIndia’s hotel industry has witnessed a robust turnaround in demand after the pandemic, led by the rising discretionary spending on tours and travels, revenge tourism, improving economic environment fuelling corporate travels and revival of mega wedding season and other cultural events. Again G20 & IPL is expected to increase demand for travel.
Industry has Strong pipeline to complement the robust demand. India’s tourism sector’s contribution to the GDP is expected to grow to USD250bn
by FY30 vs USD178bn in FY21, according to the ministry of tourism. This is backed by the fact that rising urbanisation in several tier-2 and tier-3 cities will drive the demand for hotels in different segments. Factoring this in, the industry is expected to witness a robust room addition (42,000 rooms) by FY27, which will increase total supply by 28% to almost two lakh rooms (source: Hotelivate).
Cost reduction and debt repayment bode well for margin enhancement
Hoteliers undertook various sustainable cost-reducing initiatives during the pandemic like multitasking workforce, reducing staff/room ratio, lowering overhead expenses, etc., which are yielding a high margin now, aided by improved demand and ARR. Further, shifting focus to assetlight management contracts and repayment of debt through fundraising has
helped make the companies balance sheets lean in FY22.
ROHLTD "Monthly Breakout Analysis"Hello Traders !
The above analysis was done on a "Monthly" basis, the holding period may take a few weeks or months to reach the targets.
Trade Setup and Analysis :
In monthly time, we can see an ascending triangle pattern on the above chart, as well as a Cup and Handle structure, which I have highlighted in the image below; both patterns were bullish in most cases.
Since July 22, the price has risen nearly 175%. I was expecting some consolidation in this region, which could last one or two weeks before the price shoots up further or it may corrects to the 210-220 level.
FII/FPI have increases holding from 3.79% to 4.24% in September'22 Quarter.
Trade Level :
Buy Level : 255 -260
Target : 510
Stop Loss : 175
Happy Trading
Rohltd BORohltd Long consolidation breakout
volume and price action on Bull move
our trading setup cooking near trigger point
expecting big move once a trigger made
all levels shared for education purpose.we are not sebi registered
Royal orchid hotels ltdRoyal orchid hotels ltd good for swing trading
breakout on weekly chart
volume high on daily chart
Buy 272
1st target 329
2nd target 385
sp 211
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes
ROHLTD NSE Royal Orchid Hotel BULLISHVIEW ABOVE 157 CMP 162ROHLTD NSE Royal Orchid Hotel is bullish if 157 holds. NEW 52WEEK High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
ROYAL ORCHID HOTELS 8-10-21This stock has broken the 92 level resistance , re tested it few days ago and has now formed bullish pattern confirmation on a daily chart. Right time to buy for minimum 15% returns in upcoming months. If the stock tests the 93 levels again , it would be an opportunity to buy more.
CMP : 100.40
TARGET 1 : 120
TARGET 2 : 133
PS : For educational purposes only
Reverse Head and Shoulder PatternStock Analysis: ROHLTD has broken the reverse head and shoulder pattern, it is good buy around marked demand areas with below level as stop loss for the target given on the chart for longterm. Let's see
Happy Investing!
ROHLTD - Blossoms above 96 Volumes are growing -- crossed 1st major hurdle.
Wait for ROHLTD to cross 96 level and will see 120 in no time.
Add to watch list and trade carefully.
