LazyTradingClub

Indian Hotel, Long on daily chart

Long
NSE:INDHOTEL   INDIAN HOTELS
Indian Hotel is looking strong for an upward movement on daily chart .
Probably missed the ideal Entry point of 118.5.

Entry : 122
Stop Loss : 118

Ideal target : 131
Break out possibility is high, but I personally will advise for an exit at 131 and re-entry at 132 with a possible target of 141.

Simple price action explanation. Not a recommendation.
Before trading, always consult with your financial advisor.
Comment: Nearly missed the target by a mere .40 points on Friday's session amidst huge sell off. Fridays low would be trailing stop loss unless markets opens a big gap down.
Comment: Trailing stop loss hit. Trade closed at 124.60