WittyCapital

Royal Orchid Hotel

Long
NSE:ROHLTD   ROYAL ORCHID HOTEL
Stock has broken out of a long downward sloping trendline with good volume. Currently volume contraction and consolidation is being seen.

Medium to long term outlook for the stock is 190, with intermediate resistance will be seen at 154 & 172.

View will be negated below 108 on closing basis.

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