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fariqba
Jul 18, 2023 3:18 PM

kamathhotel fibonacci retrcaement Long

KAMAT HOTELS (IND)NSE

Description

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

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.
Comments
AdiKool
is Kamat still in game? can it reclaim previous high ?
fariqba
@AdiKool, may reach prev high,but time taken and volatile way ahead, i prefer to look somewhare else
AdiKool
@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.
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