THE INDIAN HOTELS CO. LTDThe stock is trading within a symmetrical triangle and has bounced from the rising trendline support, now approaching resistance at 800. Currently near the upper boundary of the
consolidation channel (highlighted purple box)
Consider whether it breaks above 780, with targets of 800, 825, and 850. Stop loss 765
Indhotelview
Ind Hotel - Sideways Straddle OpportunityCurrently stock stuck between Strong Demand & Strong Supply Zone
Demand zone 715 - 705 (Lowest point upto 700)
Supply zone 755 780 (Highest point upto 785)
A strong straddle trade opportunity can be created if stock settles near 735, and IV & Premium remains high
Strong supply & demand zones are also formed in 125 as well as 75 min TF to support the analysis
Do data analysis before entering
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
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





