Indian Hotels (INDHOTEL) – Swing Trade Setup

🏨 Indian Hotels (INDHOTEL): CMP: ~724.75; RSI:61.61

INDHOTEL continues to display a structurally bullish setup, though some short-term consolidation may occur after the recent sharp recovery. The broader trend remains positive as long as the stock sustains above the key breakout and support zone of 700–710.

📊 Technical Highlights

Weekly Chart
✅ Strong rebound after taking support near the 200 WEMA (~563)
✅ Higher-high, higher-low structure remains intact

Daily Chart
✅ Golden Crossover in place, indicating strengthening momentum
✅ Rising volumes supporting the uptrend
✅ Decisive breakout above the long-term descending trendline
✅ Elliott Wave Analysis: Wave-5 impulsive move appears to be in progress
The stock is currently approaching a near-term resistance zone around 730–735. A sustained breakout above this level with strong volume could trigger the next leg of the uptrend.

🎯 Trade Plan
🔹 Buy Above: 735 (with volume confirmation)
🔹 Stop Loss: 710
🔹 Targets: 755 ➝ 790 ➝ 810+

💡 View
As long as INDHOTEL holds above 700–710, the bullish structure remains intact. A breakout above 735 could pave the way for fresh momentum and higher levels in the coming weeks.

📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!