Friday, March 28, 2025

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.


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.


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.


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.


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.

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