As positive sentiments are chasing hotel stocks in India, momentum move has been shown by "Hotel Leela". Buy on pullback.
It is been observed that the price action firstly broke out from the long term trend line and now breaking out from a short term trend line indicating a strong up move ahead. It is not fundamentally good but it shall provide good short term returns. Target 1: 30 (50%) Target 2: 45 (120%) Stoploss: 17 (15%) Disclosure: Personally invested.