 "EIH stock witnesses formation of 'Death Cross' on technical charts.")
EIH stock has witnessed the formation of 'Death Cross' on the technical charts amid a sustained sluggish trend over the last few months. Technically, the term 'Death Cross' implies that the shorter-term moving average - the 50-day moving average (50-DMA) has now slipped below the long-term 200-DMA. This in general is considered a 'Negative' or 'Bearish' chart pattern. On Tuesday as of 9:30 AM, EIH stock traded with a loss of 1 per cent at ₹360. Meanwhile, the chart shows that the 50-DMA dropped to ₹376.45, while the 200-DMA stood at ₹377.08 levels. The stock has shed 17 per cent from its high of ₹435 hit on September 9, 2025.
The stock has witnessed the formation of 'Death Cross' for the first-time since August 26, 2025, shows the daily chart. This apart, the chart shows that the stock has been trading below its 20-DMA, which stands at ₹368.38, for the last 16 trading sessions - since December 15, 2025. Apart from EIH - the following hotel stocks - ITC Hotels, EIH Associated Hotels, Taj GVK and Mahindra Holidays Resort - too have witnessed the formation of 'Death Cross' in the recent past. Here's a look at these stock charts
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