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Hotel Leela rallied,then went into a flag pattern then again rallied and now in a traingle pattern.
It has just given a breakout from the triangle go long at current market price 23.6 or at days low for targets of 26,27.2 and then 30.
Maintain SL as 21 on closing basis.
Volume buying happening @ lower levels...bulls r back...buy on dips
Stock made higher lows but RSI & MACD caused a divergence.
No specific target TRAIL SL method to be used.
Trend confirmed by Super Trend.
Currently stock hotel leela trading at 21.60 keeping a strict stop of 19.60 one can initiate long here for 23/25 target. MACD rsi bullish . Also broken trend line
As positive sentiments are chasing hotel stocks in India, momentum move has been shown by "Hotel Leela". Buy on pullback.
Short then long