Chalet Hotels Ltd – Technical View

Chalet Hotels Ltd – Technical View (SEBI Reg. INH000019886 | Educational Purpose Only) 🔹 Price Structure: The stock has been in a steady downtrend, staying below major MAs and inside a broad falling channel. Recent candles show early stabilisation after hitting the lower Bollinger band and key support near ₹880–₹890. 🔹 Indicators: 20-EMA (~₹902) continues to act as immediate resistance. RSI near 32–35 shows oversold recovery signs. MACD still weak but flattening—early momentum shift possible. Bollinger bands widening earlier are now narrowing → volatility cooling. 🔹 Key Levels: 🔼 Upside: ₹902 → ₹945 → ₹980 (channel resistance) 🔽 Supports: ₹880 / ₹842 A close above ₹902 (20-EMA) is the first confirmation of a short-term reversal. Sustaining above ₹945 can open room toward ₹980. 💡 Bias: Early signs of bottoming out, but trend reversal needs EMA breakout. ⚠️ Disclaimer: Educational purpose only. Not a buy/sell recommendation.