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INDIAN HOTELS CO.LTD.INDIAN HOTELS CO.LTD.INDIAN HOTELS CO.LTD.

INDIAN HOTELS CO.LTD.

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INDHOTEL trade ideas

INDHOTEL: HOSPITALITY STOCKS WILL REWARD INVESTORSThis 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 the stock in the range of Rs 160-165 for an upside target of Rs 190-210. The second COVID wave delayed the recovery in the Hospitality sector by a couple of quarters. However, the impact this time around was less severe and the recovery has been quicker.
NSE:INDHOTELLong
by Chinmayonniftyy
1
Indian Hotels Company LtdWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:INDHOTELLong
by Rvkachhadiya