Stock is trading in a channel with higher high pattern maintaining supportive Trendline, now ATH breakout, follow chart for proper support and resistance levels. Good risk reward.
On Friday, Oriental Hotels broke out from the resistance level of 70 to close at 73 levels, on good volume and with a bullish candle.
If it sustains the momentum, we might see the price levels of 88. On retracement, 73-70 levels can be good accumulation zone.
Strong support for the stock is visible at levels of 62, below which one needs to be cautious.
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