INDIAN HOTELS (LONG TRADE)

Updated
Buy INDIAN HOTELS @ 330
FOR THE TARGET PRICE OF 345 /360/ 415

WHY IND HOTELS : Riding the trend , Good support from the Trendline & 200MA.
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This idea is only for educational purposes.
Always trade at your own risk.

THANKS
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FRESH ENTRT @335
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First target achieved 345
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2nd Target achieved @260
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2nd Target achieved @ 360
Trade is active. Book your profits as your convenience.
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Targets Modified:
Next 390 followed by 420
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Support for INDHTL @350 i.e previous high.
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LOOKING FOR 400
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Those who r still in this trade can hold it for longer time.
Note
As per Channel analysis and Fib.Extension , we can expect the target of 420.

snapshot
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HIT 420
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Finally we are 500+
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590 achieved
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From here the INDIAN HOTEL may fall down to 530-40 level due to divergence in price.

snapshot
Note
If anyone is looking for fresh BUY, then he can do fresh buy at 580 plus and those who are holding this stock can add some more quantities. ie 580+++
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Decent bounce after our fresh buy
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We are in a strong position with our investment in Indian Hotels Ltd. Having purchased the stock at 310, it has now doubled and is trending at 640.
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Chart PatternsTechnical IndicatorsTrend Analysis

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