Indianhotel
Medium Term Trading Opportunity in Indian Hotels for >20% UpsideHi,
NSE:INDHOTEL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Weekly Closing basis and targets mentioned on the charts for educational purpose.
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Indian Hotels Swing AnalysisNSE:INDHOTEL
Indian hotels Ltd.
Swing Entry close above- 330.5
1. Price took support at the daily trend line, and bounced.
2. Fib retracement level of 50%
3. A close above 330.5 will trigger a bullish continuation as the price has formed a rectangle range, forming a base for a major move.
Next resistance is around 348 if it breaks then 387 And followed by 432 can be used as targets.
This is only for educational purposes only.
Always trade with stop-loss.
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Indian Hotels - Possible break to 400?
Indian Hotels is now moving towards the life high on back of slow intent buying
Wait to pick up stock / call options on reversion back to 21 EMA - around 332
Dont chase this stock as it goes higher - prefer to take a position lower and then wait it out
Stop loss is around 315 for a target of 365
Weekly squeeze is also firing to the upside so this trade could be for 2-3 months
Be careful around 360 as stock has reversed 2 times from there - there will be sellers there
Indian Hotels forms a cup patternFrom 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 is 245.
Given the formation of the cup pattern, the consolidation zone between 245-230 may develop into the handle of the cup and handle pattern. Will observe the price action here.
Once this level is crossed, then we can see further positive momentum in the stock.
Always define your stop loss.
Note: Personal analysis. Not a buy/sell recommendation. Do consult your registered financial advisor.
Indian Hotel Chart Analysis !! BrokeOut📈 Indian Hotels 📉
It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 290.
StopLoss should be kept at 219.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
FOCUS INDIAN HOTELS MakkaleVanakkam Makkale, this is vijay. Yep we all know that Nifty in consolidation mode and our only way to make profits are option selling,swing trade under stock specific and finally none other than investing for long term.
Indian hotels looking nice in weekly makkale,focus and also do your own analysis too.
Indian Hotels Resistance levelNSE:INDHOTEL
After giving such a great move now stock reaching towards resistance. whoever already long in this can book profit if find reversal in PRZ and one can take new entry for short as well.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******Whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Symmetrical Triangle in Indian HotelChart -> Indian Hotel Daily
As seen per chart, a symmetrical triangle breakout has been done with good volume buildups.
CMP: 227
Targets: 277 & 310
StopLoss: 180 on weekly close basis
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Indian HotelsCurrently the stock has discounted 13% from all time high levels.
Indian Hotels (Daily):
1. Gave the closing above 20 Days Exponential Moving Average
2. Descending Triangle Breakout
3. Good volumes on Breakout
View Point:
1. Entry after Breakout Retesting
Addl Points:
1. FII/FPI have increased holdings from 13.48% to 15.19% in Dec 2021 qtr.
2. Mutual Funds have decreased holdings from 18.74% to 18.08% in Dec 2021 qtr
Notes:
1. The above analysis is just for educational purpose.
Simple Trade Setup | INDIAN HOTEL | 02-03-2022 [INTRADAY]NSE:INDHOTEL
Observations:
1) On 1hr time frame, we can see formation of head and shoulder pattern.
Major support range is 191-194 level.
Below this range it can become bearish.
Please refer below chart : 1hr Time Frame.
2) On 15min time frame, we can see a broad resistance channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 02-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.