TheUnlearningOne

Oriental Hotels... breakout!!!

Long
NSE:ORIENTHOT   ORIENTAL HOTELS
On Friday, Oriental Hotels broke out from the resistance level of 70 to close at 73 levels, on good volume and with a bullish candle.

If it sustains the momentum, we might see the price levels of 88. On retracement, 73-70 levels can be good accumulation zone.

Strong support for the stock is visible at levels of 62, below which one needs to be cautious.

Also, this stock is a low liquid stock.

Define your strict stop-loss at 5-8% depending on your risk management.

Note: Personal analysis. Not a buy/sell recommendation. Consult your investment advisor.
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