The stock seems ripe to finally give a big 10 year break out! Such stocks tend to take time in delivering returns however they tend to always deliver in the medium term! Can a break out be achieved from here? Let's see!
After the formation of Double Bottom(Shown by Blue line) in day graph, Share has formed Piercing Pattern(Shown in Black Box). Relative Strength Index is also supporting price upward movement. All these things indicate that share price will go up now.
INDHOTEL weekly charts is setting up well.
On close above 110, it can be a good long candidate in my view.
Ideally, I would have to liked to buy 90-92. But it didn't show up in my scan then. :|
