Chalet Hotels Ltd \u2013 Technical View<\/p>\n
Timeframe: Daily<\/p>\n
The stock has formed a Falling Wedge pattern and is showing signs of a bullish breakout from the lower end. Price has bounced from the support zone near \u20b9860\u2013870 and is now trying to sustain above short-term averages, indicating trend exhaustion on the downside.<\/p>\n
\ud83d\udd11 Key Levels
\nImmediate Resistance: \u20b9915 \u2013 \u20b9930
\nMajor Resistance: \u20b9960 \u2013 \u20b91,000
\nSupport Zone: \u20b9885 \u2013 \u20b9860<\/p>\n
\ud83d\udcc8 Outlook
\nSustaining above \u20b9915 can trigger a mean reversion move towards \u20b9960 \/ \u20b91,000.<\/p>\n
Volume expansion on up-move will confirm strength.<\/p>\n
Failure to hold \u20b9885 may lead to range-bound or retest of lower support.<\/p>\n
\u26a0\ufe0f Educational view only. Not a buy\/sell recommendation.<\/p>\n
\u2014 AALGO BREATHS
\nDisclaimer: https:\/\/aalgobreaths.com\/disclaimer\/<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[400,128],"class_list":["post-23901","article","type-article","status-publish","hentry","article-tags-technicalanalysis","article-tags-sebi-registered-analysts"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/23901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=23901"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=23901"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=23901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}