Buying happening in the stock. Price moving from few sessions it should pause, may happen today . Risk reward is better only if we enter when the price retraces. Not expecting huge returns but 10-12 % can be achieved. Can exit at trend line.
Keep an eye on EIH hotels, Lemon tree, recently listed PARKHOTELS. Note: I am not trading in Indian Hotels , I am already trailing SL in Lemon tree hotels. Careful with the rise in prices. profit booking is fast, see so many foreign funds are selling. there is a chance they increase the price before trapping us. Keep a strict SL.