Chalet Hotels: Trendline Break Resumes Uptrend

broke out of the falling resistance trendline it had tested multiple times since Dec, underwent a throwback correction toward the breakout zone near 860-855, and is now resuming its uptrend, trading near 886. RSI at 55.51 has turned up from the mid-range, in line with the renewed move. Separately, on the fundamental side, ICICI Securities report cited Chalet's shift toward a hybrid model with its Athiva premium lifestyle brand launched in FY26, an expected increase in its operational hotel portfolio to over 5,000 keys by March 2030, and projected 15%/20% revenue/EBITDA CAGRs over FY26-29E. (source: Money control) Resistance: 920, then 940. Support: 860-855, the breakout/throwback zone, then 820-840. The coincidence of a technical trendline breakout resuming after a throwback, alongside a reiterated brokerage report, is a combination worth noting, though how price behaves around the 860-865 zone on any further pullback remains the level to track. When a technical breakout resumption aligns with a reiterated brokerage report , it's a confluence worth observing, not a signal to act on by itself. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.