16 years high breakout in Royal Orchid Hotel

16 years high as well as range breakout supported by Rounding bottom pattern breakout.

If breakout candle it is supported by volume in weekly chart then it could be much more stronger.

Stock has a potential to reach 440 level.
All time high was 261, now that level is broken.

For the further upside move stock has to close above 271 level with good candle and volume in a weekly chart.

235-250 Level must act as support now.
Ideal Stop loss will be 210.

This is just a view not a recommendation to trade. Do your own analysis before making any investment.

Share your opinion in the comment section.

ROHLTD