|PLAN DATE||APR 30 ’21|
|KEY LEVEL||1800 – 1900|
|SET UP TYPE||PULL BACK|
29 Apr 2021 In this analysis, our view was that CGH looks really really overstretched. The exit sign would be if NRs. 1800 breaks down convincingly. Fundamentally CGH faces broader headwinds due to COVID risks, decrease in tourist arrival (Indian tourists tend to visit Nepal too), and lockdown leading to less tourists, visitors, conferences. If the market convincingly finds support in higher levels as marked, it could find more strength.
Outlook – Shorter term weakness UNLESS broader market sentiment returns and CGH fundamentals justify higher valuations.
Disclaimer: Plan below are being shared for educational purpose only. Please conduct proper due diligence before making any investment/trading decisions. Please apply proper risk management processes before initiating any positions. We are not financial advisors. In trading, losses may exceed original capital.