📈 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...
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
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...
Chart -> 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.
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. ...
Indian hotel is on fire after a strong uptrend INDHOTEL again give's buy opportunity also RSI shows bullish momentum we will enter in this stock after re-test at 190 and our Target will be 240,250+ and our Stop loss will be 175.
This Idea is based on my personal analysis which is completely for educational purposes. Please take advise of your Financial Advisor before taking any Trade Decision.
LEMON Tree started consolidation move, trapped in Ascending Triangle pattern since late 2020. This consolidation broke out in Late September. Coincidentally I also found out that the stock is also following a Parallel Channel Consolidation, as visible from chart. The stock is now consolidating near upper band of this Channel. A probable breakout from this point,...
From the chart, it is evident that the stock took support at previous resistance of 191-195. After taking support at the mentioned level, it has completed retest and is moving back up. I am bullish on the stock for the next few weeks as it can give a great upside movement.
#indianhotels multiple pattern breakout
inverse HNS pattern breakout on weekly
previous resistance zone broken out on weekly
ascending triangle pattern breakout on weekly
momentum and trend indicators show bullishness all timeframes short medium long
breakout candle low can be stop loss and entry on retracement ideal as candle is big.
This week, the stock has given a breakout with massive volumes and tested its 52-week high as well. On the technical front, this stock can be seen trading in a rising channel with the formation of the higher high and higher bottom.The price-volume action with breakout suggests the next up-move in prices. Volume build-up also looks promising. Traders can accumulate...
![INDHOTEL: Simple Trade Setup | INDIAN HOTEL | 02-03-2022 [INTRADAY]](https://s3.tradingview.com/m/mEK763OK_mid.png "Simple Trade Setup | INDIAN HOTEL | 02-03-2022 [INTRADAY]")
