INDHOTEL trade ideas
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
BULLISHbuying opportunity if market opens gapup!
Trade with strict stoploss as voltality increased due to US elections.
Indian Hotels - A Low Risk TradeA channel pattern formation is observed in India Hotels,
Small candle sticks formation at support trendline indicates that the price is taking a good support at trendline.
High probability that the stock will move up & quick profits can be booked. Stop loss can be placed at 94, which confirm price break down.
Happy Trading!!!
INDIAN HOTELS IS NEARLY TO GIVE A BIG MOVE If there is breakout in INDIA HOTELS go long or breakdown go short
INDIAN HOTELS looks moving in a currently established trendINDIAN HOTELS looks moving in a currently established trend
Potential breakout - Channel patternStock moving in a channel pattern. Took 61.8% support & moving up. Now near to a short term trend line breakout. After that, if it breaks next Resistance, only then huge targets.
INDIAN HOTEL- BUYStock moving uptrend near 50DMA and also near support of trendline.
Maharashtra govt will give permission soon to start restaurants
