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
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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.
is Kamat still in game? can it reclaim previous high ?
fariqba
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@AdiKool, may reach prev high,but time taken and volatile way ahead, i prefer to look somewhare else
AdiKool
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@fariqba, thank you!! I lost hope when it touched 190 but it bounced back nicely to 210 giving hope for some good upside in short term as long as trading above 200.