EIH Limited – Short term breakout

-> After making multiple tops around 95-105 the stock is trying to breakout.

-> In the near term one can expect a target of 115-120 but seems like a long term trend change.

-> Traders can look to accumulate on dips to 98-105 with a stoploss of 95.

4 years back Reliance had bought stake in the co to stop a takeover by ITC. The stock is down 40% since then

Disclosure : Initiated long for quickgains premium plus  clients at 101-102 booked part at 106.5 and trailing on.

Nooresh Merani

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