Chalet Hotels Ltd BUY

 

Chalet Hotels Ltd BUY 840 TARGET 860/884 SL 827 SHORT TERM 

Technical Analysis of Chalet Hotels Ltd (30-min Chart)

1. Trend Analysis:

• The stock has been in an uptrend after forming a base at lower levels.

• The zig-zag pattern drawn in blue indicates higher highs and higher lows, confirming the bullish trend.

• The recent retracement shows a pullback from the resistance zone, suggesting consolidation.

2. Support & Resistance:

• Resistance: ₹884.85 (upper red line, Fibonacci 0.786 level)

• Support Levels:

  • 827.15 (Fib 0.618) – A crucial support level where the price is currently consolidating.

  • 791.10 (Fib 0.5) – If 827.15 is broken, the next support is at ₹791.10.

  • 752.75 (Fib 0.382) – Strong support in case of deeper correction.

3. Target & Stop Loss:

• Target: ₹884.00 – This is the next potential upward target based on Fibonacci 0.786 level.

• Stop-Loss: ₹827.00 – The Fib 0.618 level acts as immediate support, so a break below may trigger more downside.

• Alternate Stop-Loss: ₹791.00 (Fib 0.5 level) – If taking a higher risk, stop-loss can be placed below this.

4. Technical Indicators & View:

• The stock is currently retesting support at Fib 0.618.

• Volume analysis: A rise in volume could confirm the continuation of the uptrend.

• Breakout Confirmation: If the price sustains above ₹850-860 levels with good volume, it may head toward ₹884 and beyond.

Final Strategy:

• Bullish Bias: Buy near ₹827-830 with a target of ₹884.

• Risk Management: Maintain a stop-loss at ₹827 (conservative) or ₹791 (aggressive).

• Breakout Confirmation: If price crosses ₹860 with volume, bullish momentum will strengthen.

Technical View & Target Analysis for Chalet Hotels Ltd (NSE)

The stock is currently in an uptrend but experiencing a retracement near key Fibonacci levels. Let’s analyze short-term, medium-term, and long-term targets along with stop-loss levels.

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1. Short-Term View (Next Few Days to 2 Weeks)

• Trend: Consolidation with bullish bias

• Support: ₹827 (Fib 0.618)

• Resistance: ₹860 (Recent high)

• Target: ₹860 - ₹884

• Stop-Loss: ₹827 (Strict SL below Fib 0.618)

• Strategy: Buy near ₹830-840 with a target of ₹860-884.

Risk Note: If ₹827 breaks, expect a dip to ₹791.

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2. Medium-Term View (Next 1-3 Months)

• Trend: Strong bullish structure

• Support: ₹791 (Fib 0.5)

• Resistance: ₹884 (Fib 0.786)

• Target: ₹900 - ₹920

• Stop-Loss: ₹791 (Strong support zone)

• Strategy: Buy on dips near ₹810-830 for ₹900+ targets.

Risk Note: If ₹791 breaks, expect a retest of ₹752.

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3. Long-Term View (3-12 Months)

• Trend: Bullish continuation (if support holds)

• Support: ₹752 (Fib 0.382), ₹665 (Major Demand Zone)

• Resistance: ₹965 - ₹1000+

• Target: ₹1000 - ₹1100+

• Stop-Loss: ₹752 (For positional traders)

• Strategy: Buy near ₹800-820 levels, hold for ₹1000+.

Risk Note: If ₹752 is broken, expect a deeper correction.

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Final Conclusion & Strategy

• Short-Term: ₹860-₹884 target; SL ₹827

• Medium-Term: ₹900-₹920 target; SL ₹791

• Long-Term: ₹1000-₹1100 target; SL ₹752

📈 Trend remains bullish as long as price stays above ₹791 in the medium term.