1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Advani Hotels and Resort

Discussion in 'Fundamental Analysis' started by bnnarayana, Jul 20, 2017.

  1. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    Good Evening Members,
    Advani Hotels and Resorts fundamentals quiet good for investing. Looks interesting as Tourism and Hospitality Sector is attracting Investors.
    CMP is 62.10. Technical feed back please.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Jul 20, 2017
    Share #1
  2. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
    From technical point of view sir, it is somewhat an uptrend but very subdued (as the uptrend is not very clear) it is continuously trading at 10sma and some time breaching it to touch 50sma n 100sma. Which is definitely not a clear indication. All the sma's are very nearby to each other . If it opens above 62.10 and closes above it, then you can try.

    Would like to wait for other members to comment as well.
     
    akhtar80, Jul 20, 2017
    Share #2
  3. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    Thanks a lot, I had the same doubt, as you have mentioned, let's wait for other members for their view.

    Sent from my Le X526 using DIY Technical Analysis mobile app
     
    bnnarayana, Jul 21, 2017
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I don't see an technical uptrend in the charts. For last couple of years the stock has been in the range of 50 to 60 Rs only. No technical pattern being formed. On top of that the volume in the stock is too low for any technical viewpoint either.
     
    shabbir, Jul 21, 2017
    Share #4
    akashgupt81 likes this.
  5. bnnarayana

    bnnarayana Contributor

    Joined:
    Jun 14, 2017
    Messages:
    142
    Likes Received:
    119
    bnnarayana, Jul 24, 2017
    Share #5
    raja_praveen likes this.