Indian Hotels - Range ContractionStock making HHs HLs after giving sharp up trending move
Now facing a strong resistance between 716-720
Range contraction in progress
If stock manages to breaks with good volumes and candle it will surely try to go to new and uncharted territories
View negates below 690
Will wait for a breakout and pullback to happen in 717-723 area
Indhotellong
Indian Hotels - Breaking out!!!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 to buy or sell, simply a personal analysis.
Indian hotel turning bullish.Indhotel is just respecting the resistance that it has been respecting for from 13th oct.
Last day candle show some bullish movement but closes just near the resistance.
Tomorrow or day after tomorrow it may give a bullish movement closing above the symmetrical triangle pattern.
Break out above 212 can take the stock to 220-222 levels.
Target :- 220,225
stop loss :- 207
INDHOTEL LONGI hope you can now see how INDHOTEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
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