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.
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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.