ROHLTD = Descending Triangle Breakout + Volume SurgBreakout from Descending Triangle with Volume Surge in Royal Orchid Hotels
NSE:ROHLTD
📈Pattern & Setup:
Royal Orchid Hotels has given a breakout from a descending triangle pattern on the daily chart. The price successfully closed above the downtrend line, supported by a visible surge in trading volume.
The setup indicates a shift in momentum from sideways to bullish, with strong support from the moving averages (20EMA, 50EMA, and 100EMA) all trending upward. The stock has been consolidating between 480–550 for weeks, and now this breakout confirms renewed buying interest.
📝 Trade Plan:
Entry: Current levels 528–532 look good for a fresh entry.
🚩Stop-Loss: 495 (below recent swing support).
🎯Targets:
Target 1 → 620 (previous swing high).
Target 2 → 743 (measured breakout target with nearly 37% upside).
💡Pyramiding Strategy:
1. Enter first lot near 530–535.
2. Add above 565 after volume confirmation, trail SL to 515.
3. Add final lot above 620, trail SL to 560.
Hold positions for a medium-term swing till 740 zone as long as the price sustains above 500.
🧠Logic Behind Selecting this Trade:
The stock displays a textbook breakout from a descending triangle after weeks of tight range movement — a sign of absorption and strength. The presence of rising EMAs beneath price further strengthens the bullish outlook.
The hospitality sector has shown strong tailwinds lately, and Royal Orchid’s structure aligns perfectly with the sectoral momentum.
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🔴Disclaimer:
This is not an investment advice. Always do your own due diligence before making any trading or investment decision.
