East india hotel has retested the breakout level of Inverted head and shoulders.
Above 240, stock can test 270, 300+ levels.SL is below 210 DCB
NIFTY is at a strong resistance of 19400. Any swing trade at this point is risky.
Idea shared for educational purposes.
ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc.
Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation...
EASE MY TRIP : Easing towards breakout , 1:3-4 R:R possible , trad only when in green around 48.
With Revenge travel with a vengeance, Hotels and Ticket prices are going through the roof , Summer is the travel time across the world and this will benefit the company
Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023
An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High
Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up
Advani Hotel Near 7.5 Year Long Breakout
If It Close Above 90 On Weekly & Monthly Time Frame Then It Will Be A Confirmation.
After Confirmation Use Dips To Buy It.
Cmp - 93.4
SL - 65 (Weekly Closing Basis)
Target - 130/155
Buy Lemon Tree Hotels for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
The company has planned projects which will increase the number of hotels by 22 and the number of beds by 2,200. The projects are expected to complete by 2022 which will bring the company's network to 100+ hotels and 10,000+ beds in operations.
lemon tree hotels
Classing pattern of Support acting as resistance.
Looks like will break resistance this coming week.
Daily candles show and opportunity to take long entry till levels of 60.
clear uptrend once we break the resistance zone of 65-66 levels.
Levels & target with CUPANDHANDLE pattern are mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Royal Orchid Hotel
After correcting, stock moving up slowly, Rounding bottom pattern can be seen.
Price at major Resistance level may break seeing Volumes.
Entry can be above 110 levels on a closing basis.
Also, 111 is a major Fib level, if it breaks can go up to 135 levels ie fib 50%.
Target can be 10-20% on a trailing basis, upuo 120-130 levels.
SL will be...
The Chart is self explanatory. The breakout is visible clearly with Volume Support.
*** This is just for Educational purposes. I am a learner too. I am not SEBI Registered. Kindly do your own analysis before taking trade.***
From the chart, it is evident that the stock took support at previous resistance of 191-195. After taking support at the mentioned level, it has completed retest and is moving back up. I am bullish on the stock for the next few weeks as it can give a great upside movement.
1.In Sep-21 Indian hotel did highest ever volumes since its listing.
2. Break out from 20 year channel
3. Break out with volumes is a very bullish sign for the stock to maintain momentum
4. Looks good for 20-40% return in 3-6 months