📊 Indian Hotels – Daily Chart View
Price is currently reacting from a strong demand zone inside a broader falling channel structure. After a sharp pullback toward support, buyers stepped in and the stock is attempting a relief bounce.
🔎 Technical Observation:
• Descending channel structure still active
• Demand zone around 640–660 showing reaction
• Short-term pullback within larger corrective phase
• Trend strength will be confirmed only above channel resistance
📌 Key Zones to Watch:
Resistance: 725 – 760
Support: 650 zone
Market is at a reaction area — waiting for structure confirmation rather than predicting direction.
⚠️ Disclaimer:
This post is shared only for educational and learning purposes. It is NOT financial advice or a buy/sell recommendation. Always do your own research and manage risk before trading.
#IndianHotels #PriceAction #TechnicalAnalysis #SwingTrading #StockMarketIndia
Price is currently reacting from a strong demand zone inside a broader falling channel structure. After a sharp pullback toward support, buyers stepped in and the stock is attempting a relief bounce.
🔎 Technical Observation:
• Descending channel structure still active
• Demand zone around 640–660 showing reaction
• Short-term pullback within larger corrective phase
• Trend strength will be confirmed only above channel resistance
📌 Key Zones to Watch:
Resistance: 725 – 760
Support: 650 zone
Market is at a reaction area — waiting for structure confirmation rather than predicting direction.
⚠️ Disclaimer:
This post is shared only for educational and learning purposes. It is NOT financial advice or a buy/sell recommendation. Always do your own research and manage risk before trading.
#IndianHotels #PriceAction #TechnicalAnalysis #SwingTrading #StockMarketIndia
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.