Indian Hotel Chart Analysis !! BrokeOut

πŸ“ˆ Indian Hotels πŸ“‰

It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side.

On Buy Side I am looking for Targets of 290.

StopLoss should be kept at 219.
It offers 1 : 2 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade active:
Trail SL to 228.50
Trade closed: stop reached:
Trailing SL Hit

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