EIHAHOTELS

EIH Hotels is shaping up nicely, especially with strong Q3 results already out and excellent sales anticipated for the May-June quarter. Technically, we saw a healthy consolidation phase, followed by multiple inside bar breakouts and encouraging follow-through. Looking at the weekly chart, a powerful Dragonfly or Hammer pattern has formed precisely at its crucial support level of ₹310 (let’s round it to ₹300 for simplicity). History tends to repeat itself, and previously, the stock bounced a significant 33% from this very ₹300 level. This makes the risk-reward profile exceptionally compelling for a potential repeat performance.