Technical Momentum Shift and Market Assessment
Technical Momentum and Moving Averages
The daily moving averages for EIH . currently suggest a mildly bullish trend, indicating that short-term price movements are gaining upward traction. The stock’s price closed at ₹368.00, slightly above the previous close of ₹363.90, with intraday fluctuations ranging between ₹362.70 and ₹368.20. This price action reflects a tentative positive momentum, although the stock remains below its 52-week high of ₹434.95 and above its 52-week low of ₹293.45.
Moving averages often serve as a barometer for investor sentiment, and the mildly bullish signal on the daily chart suggests that recent buying interest may be gaining ground. However, this must be contextualised with other technical…
