EIH-Will it break or fall back to support?

EIH Limited has recently exhibited multiple inside bar patterns on its daily chart. An inside bar occurs when a candlestick's price range is entirely contained within the range of the preceding bar, signaling market consolidation and potential for a significant price movement.

The presence of multiple inside bars suggests a period of low volatility, often preceding substantial breakouts. Consider monitoring EIH's price action closely, as a decisive move beyond the mother bar's range could indicate the next directional trend.

Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please conduct your own research before making investment decisions.