IndHotelsDisclaimer : Only for educational Purpose,not a stock recommendation
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INDHOTEL trade ideas
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
INDIAN HOTELS - CMP: 103Filled Gap and moving ahead. RSI also moved up from the oversold zone. Increasing in delivery volume also indicating an up-move expected. We can expect price movement till 117. Even holding for long shall reward more.
DAILY SWING CALL // Tuesday 16th of Febr 2021 / NSE: INDHOTELDAILY SWING CALL // Tuesday 16th of February 2021 / NSE:INDHOTEL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 131.95
TARGET: 152+ (15% Around)
STOP LOSS: 120 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Bullish View On Indian HotelsStop Loss: 109
Target 1: 120
Target 2: 126
Target 3: 132++
Note: Post only for education purposes.
INDHOTELBuy above 131 with SL of 123. Considering high volatility half position may be bought at CMP in anticipation of breakout. So that more room can be provided to stock for fluctuation with same risk %.
long position (buy)very good fundamental and business model after corona ,or tourism area will improve alot and its a oppurtunity to by a good business n a good price.
short term target 130,140
long term target 160,170,180
the ace investor Porinju veliyath hold this stock for years
POSSIBLE SIGN OF DOWNTREND CONTINUATION IN TREND ZONEPossible sign of downtrend continuation towards 118 because of RSI divergence(Price is going down on trend but RSI is going UP) .
Indian Hotel, Long on daily chartIndian Hotel is looking strong for an upward movement on daily chart.
Probably missed the ideal Entry point of 118.5.
Entry : 122
Stop Loss : 118
Ideal target : 131
Break out possibility is high, but I personally will advise for an exit at 131 and re-entry at 132 with a possible target of 141.
Simple price action explanation. Not a recommendation.
Before trading, always consult with your financial advisor.
INDHOTEL Weekly Chart
Stock has formed a low at 62 levels in May 2020.
Since then stock is making HH-HL.
Stock moved above 200 EMA and it is acting as support.
131 is acting as the short-term resistance for the stock.
Also stock is making trading is rising parallel channel.
Since May 2020 stock is not breaking previous HL.
Indian hotel looking good for medium term , great set up Indian hotel looking good for medium term , great set up , taking support from 200 weekly ma, relative strength showing strength against nifty
Indian Hotel about to breakoutStock is making flag pattern and taking support on 50 EMA. Can take long position on breakout and target 143.
INDIAN HOTEL BREAKOUT IDEAchances of getting a position for short term.
this is on weekly candle pls check the momentum and resistances of daily candles to choose accurate rates of buying.
Act on your own analysis......
