EIHOTEL 1 Day View

📈 Daily Support & Resistance Levels

Based on recent data, here are the critical levels:

Support Levels:

S1: ₹402.15

S2: ₹396.05

S3: ₹388.93

Resistance Levels:

R1: ₹412.75

R2: ₹417.25

R3: ₹423.35

These levels are derived from standard pivot point calculations and provide insight into potential price reversal zones.

🔍 Technical Indicators Overview

RSI (14-day): 55.79 – Neutral, indicating neither overbought nor oversold conditions.

MACD: 7.41 – Suggests a bearish trend, as the MACD line is above the signal line.

Moving Averages:

5-day EMA: ₹399.37 – Slightly below the current price, indicating a short-term bearish trend.

20-day EMA: ₹391.96 – Above the current price, suggesting medium-term bullish momentum.

50-day EMA: ₹381.97 – Above the current price, reinforcing the medium-term bullish outlook.

🧭 Trend Analysis

The stock is trading above its 20-day and 50-day EMAs, which typically indicates a bullish trend. However, the MACD suggests a potential short-term bearish phase. Traders should monitor the support and resistance levels closely for potential breakout or breakdown opportunities.