Greetings Folks,
today i have prepared a setup of INDHOTELS on NSE
the analysis is as follows-
- The price is trying to establish a good support, taken support around 371.
- i am hoping for the price to retrace till the BSL, then it can either breakout or continue the bearish trend
don't play with fire, always use a predefined stoplos
Indhotel forming inverse Head & Shoulder
It may give breakout above 398
Indhotel above 397.50-398.00
Looking tgt 402-405-410++
In Very short term.
Keeping on radar indhotel 400 CE
Stop loss is little bit big here but a good trade both levels for intraday and swing are mentioned on charts please follow and connect with your financial advisor
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
Upside Target:
north of...
Chart pattern does pave way for the above titled opinion
Reasons:
1. INDHOTEL has been trading inside an Ascending Channel pattern for the past 2 years , taking support and resistance at perfect levels till now.
2. Currently it is going through the Downswing move(in the form of descending channel pattern forming lower high and lower lows) inside the major...
India hotel taking support near 200 EMA which is around 323. its looking bullish for the short term . Target of same is 348, which is 25 rupees up from the current levels. Stop loss of same is 320. its a win win situtation .Risk reward ratio is 1:8
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
#INDHOTEL gave an entry at 178.80 on breakout.
Has moved from 178.80 to 348.45 levels.
It is now trading above Resistance 2 of 329.20.
Next Resistance 3 is at 432.
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not...
Good stock for swing trading hoping it can generate more than 5% return in couple of week. As indian and the global market are reponding positively and market sentiments are in positive direction we can go with such type of stategy
From the base of the cup pattern, the stock price has shown positive intent and risen almost 17% in three weeks.
It is trending above the 50 day EMA, with key resistance at 245.
However, there is a chance we might see consolidation in the range between 245-230, but overall the stock looks bullish in the long term. And, like I said earlier, the key level to watch...
A TATA Group Company, INDIAN HOTEL is moving in Darvas Box. Swing traders keep this on radar because it looks like this stock is ready to break upper range of current Darvas Box and enter into a new one. Multifold increase in volume is clearly seen on the chart since last September. If it breaks upper range then it will be considered as volume accumulation. Add...
Interesting price action on Indian Hotels at current levels.
Please read my previous analysis on Indian Hotels here...
Still bullish on Indian Hotels, with short term target of 288 and long term target of 330.
PS: Not a buy/sell recommendation.
Indian Hotels breaking out after 24 weeks consolidation.
Need to watch how the breakout above 227 sustains in the near term.
Price zone between 236 and 227 is important. This channel can act as short term consolidation area. Movement above 236 can add further momentum.
Short term target of 288.
Long term (12 months) probable target: 330.
Note: Not an advise...
NSE:INDHOTEL
Cmp : 240.65
Managed to close above 238. Waiting for a short term rally.
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Rounding Bottom and all time high breakout in INDHOTEL and tested 235-240 level (Strong Support). It can Reach till 300+. Fundamentally company is not that much good so its purely technical call. Do your own analysis before investment.
