From the base of the cup pattern, the stock price has shown positive intent and risen almost 17% in three weeks.
It is trending above the 50 day EMA, with key resistance at 245.
However, there is a chance we might see consolidation in the range between 245-230, but overall the stock looks bullish in the long term. And, like I said earlier, the key level to watch...
The stock has taken a support on the lower trendline and now testing it's strong S/R zone. It has also given a breakout of the short term downward trendline.
Buy above 225.7 level for further upmove.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict...
Indian Hotels is trading in a channel. It is a nice time to buy. The stock is out performing the stock. CHANNELS lower line can keep as a S.L. DO YOUR OWN ANALYSE BEFORE INVESTING
A TATA Group Company, INDIAN HOTEL is moving in Darvas Box. Swing traders keep this on radar because it looks like this stock is ready to break upper range of current Darvas Box and enter into a new one. Multifold increase in volume is clearly seen on the chart since last September. If it breaks upper range then it will be considered as volume accumulation. Add...
📈 Indian Hotels 📉
It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 290.
StopLoss should be kept at 219.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
Interesting price action on Indian Hotels at current levels.
Please read my previous analysis on Indian Hotels here...
Still bullish on Indian Hotels, with short term target of 288 and long term target of 330.
PS: Not a buy/sell recommendation.
Vanakkam Makkale, this is vijay. Yep we all know that Nifty in consolidation mode and our only way to make profits are option selling,swing trade under stock specific and finally none other than investing for long term.
Indian hotels looking nice in weekly makkale,focus and also do your own analysis too.
Indian Hotels breaking out after 24 weeks consolidation.
Need to watch how the breakout above 227 sustains in the near term.
Price zone between 236 and 227 is important. This channel can act as short term consolidation area. Movement above 236 can add further momentum.
Short term target of 288.
Long term (12 months) probable target: 330.
Note: Not an advise...
