EIH Ltd. shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has broken a rectangle formation. A decisive break of the resistance at 221 will signal a further rise to 234 or more. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 200 rupee.
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The volume
balance is positive and strengthens the stock
in the short term. The RSI curve shows a
rising trend, which supports the positive trend.
The stock is overall assessed as technically
positive for the medium long term.
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