INDHOTEL trade ideas
INDIAN HOTELS long and short callNSE:INDHOTEL
Please verify with indicators before buying
Disclaimer: I'm not a Sebi guy.
IHCL: Strong BreakoutAccumulation levels would be from current price until 140, post which the levels mentioned are to be followed.
This can be chosen as a theme based pick in the hospitality sector.
Pent-up demand for marriages, Opening up of the economy, Backed by strong management, Revenge tourism, Govt support to badly hit sectors can act a stimulus for the stock to rally from here.
#TradeTheTrend#TechnicalPick#ThemeBased#2xStock
INDIAN HOTEL - Flag and Pole Pattern BREAKOUT1. After the fall of March 2020, this stock started recovering slowly
2. Every up move showed a Flag and Pole Pattern breakout with good volume
3. Recently, there is a breakout of a similar pattern with good volume
4. Also, there are lots of deliveries near the 135-136 level over the past few days which can act as a support (Stop Loss level)
5. Volume on Breakout is also good on a Daily Chart.
Additionally, states are relaxing Covid restrictions and hotel bookings SHOULD rise.
Keep in mind, there can be a fear of third wave. But these factors are already discounted in the chart.
BUY: 140 (Today's close Breakout Candle)
Target: 158 (Previous Resistance)
Tight SL: Below 135
Wide SL: 130
Note: Keep in mind, there is a resistance at 145.
Disclaimer: This is purely for educational and learning purposes. This is NOT a BUY/SELL recommendation. Please do your own research before investing/trading.
Strong resistance at 139Price is rangebound as of now though being in a rising channel. There is a strong resistance at 139 from which the price has been rejected once. MCD is showing bearish cross over even though RSI is oversold. Price just tested the 50 EMA. In the past whenever the price touched this level, it showed a huge fall. Wait for it to break resistance and test 139 as support. Might fall out of the rising channel. Overall I am bearish on this. Message me if you want faster updates.
Indian HotelsHave gone through a month of consolidation and then witnessed a breakout. Facing resistance at current levels but looks good for an entry..
Buy at cmp 136 with SL 130 and Target of 161.
ONLY AN ANALYSIS AND NOT AN INVESTMENT ADVISORY. TRADE AS PER RISK AND REWARD AFTER DUE ANALYSIS
INDHOTEL: BUY HOTEL TAJ AT ₹130Buy INDIA HOTELS at CMP for 165+, study rounding correction, support and resistance.
INDHOTELWhy Everyday between 1.00 PM to 2.30 PM a huge fall is happening with huge volume ?
Comments are welcome please.
Sold Chart Structure with good Volume on IHCL
SOLID STRUCTURE ON CHART WITH HUGE VOLUME TARGET AROUND :150 ( 26% UPSIDE)
Playing on Lockdown opening up theory and revenge Travelling on huge scale with covid19 cases going down and vaccination drive improving
Great Support around 100-120 Level
Huge Investment call conference interest From various company
Company has Investment in adding more rooms
FII steady holding to 12%
Watchout for trendline breakoutThe stock is testing its weekly trendline and looks good above 133 for targets of 139 and 150
IndHotelsDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
#stockInvestment
IndHotel LongCompleted Leading Diagoal and first leg of correction. Possible Start of wave 3 of larger degree.
Price Action tradeLogic explained in the chart itself
~only for educational purpose~
Pls do comment if you have any query/Suggestion
