on this kamathhotel, which already a bullish outperforming stock in this sector,
continuosly making higher high on a trendline and getting support on this line.
this position is also a trendline support area
now here also a confluance of fibbonacci retracement on its high support area( marked)
so may lead to a 8% target with trendline SL
continuosly making higher high on a trendline and getting support on this line.
this position is also a trendline support area
now here also a confluance of fibbonacci retracement on its high support area( marked)
so may lead to a 8% target with trendline SL
Comment:
performance not gone as expected, means however SL not hited, until now target or SL must have to reach.if hold this position few weeks later target may reached as its a strong stock then its peer company and not lost its momentum, but quiting position in break even may be a good idea or its the rule.