Indian Hotel about to breakoutStock is making flag pattern and taking support on 50 EMA. Can take long position on breakout and target 143.
INDHOTEL trade ideas
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......
INDHOTEL | Waiting for the box breakout for 25%INDHOTEL | Waiting for the box breakout for 25% quick move
CMP : 130 (Dip till 120)
SL : 115
Target : 160
1:4 risk reward setup (from dip)
Indian Hotel Looks PositiveIndian Hotel was observed a bullish pattern which is a strong indication of continuation of a upward trend. It has created sort of symmetrical tringle which is an indication for short term breakout.
Target of 133 for Short Term
Let me know if you have any suggestions or recommendation.
DISCLAIMER :- Just an idea not recommendation
Big Bull run in INDIAN HOTELS , keep your eyes on it.Take a position within 5-10 Days.
Message if there is anything wrong.. Thank you.
IndHotel :- Look and decide.Some stocks follow some pattern magically well.
I tried showing something which gets ignored very often.
I marked 3 triangles and their differences and even marked the exact same difference after it broke out.
Isn't it is fascinating that is exactly goes for the difference of the triangle.
2 successful triangle breakout has give us great return. Hoping for 3rd successful breakout.
Fingers crossed.
Keep an eye folks.
Cheers and Happy Trading.
INDHOTELAs price is in a channel pattern and it is making higher highs so the price can break the trend line and move above the support zone and might retest to move upwards.. "EDUCATIONAL PURPOSE" ..
INDHOTELSince 07-12-2020 stock is under consolidtion after huge run up in short period of time. Again spike can be seen near 131 level and SL can be kept at 123 level
indian hotel - longcheck for volume break out of trend line to create long position for targets of 133 to 136 with a stop loss of 122 to 120.
INDHOTEL | Trendline support and Looks good for 25%INDHOTEL | Trendline support and Looks good for 25%
CMP : 93.25
SL : 89
Target : 120
Almost 1:6 risk reward setup
