Short term trading opportunity in Indian Hotels for 20% upsideHi,
NSE:INDHOTEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Indianhotelanalysis
#INDHOTELS LONG TRADE IDEA SETUPGreetings 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
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 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.
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.