This is follow-up on Indian Hotels. Can check link to related ideas.
Target 1 achieved. More than 31%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
As u see on chart. price was facing a very long time strong resistance near 160 level. Very nice Breakout happened of that level with strong price action and huge volume, which u can see was building-up continuously from last 3-4weeks.
VERY HIGH PROBABILITY POSITIONAL TRADE OPPORTUNITY
BUY ABOVE 200 FOR TARGET 250-300-350+ SL@150
As the stock is in a positive momentum the stock can be allocated after a retracement enter at the given fib support place a strict stop below the fib support . " EDUCATIONAL PURPOSE "..
The weekly charts for the stock shows an inverted head and shoulder pattern that ha clearly broken out.
Can u believe that it moved more than 41% . It also had taken out a major previous resistances since 2008 and 2018
while breaking out. The price momentum and trend indicators are bullish on every timeframe.
An entry could be made on daily retracement candles and...
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
BUY CMP
SL-186
TGT- 235
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
capture high range. Buy if 15 mins candle closes above the the " Buy " price ie. 186.35 then buy at 186.50. can book profit at T 2 and re-enter if the price move is as expected till first half session of the day.
Happy trading .......
1. Multiyear breakout done on WTF with huge volume. As well as All time high also broken and sustain on HTF for the target of 230/250.
2. Its also broken inverse head and shoulder pattern and continue trading above the breakout line.
1.In Sep-21 Indian hotel did highest ever volumes since its listing.
2. Break out from 20 year channel
3. Break out with volumes is a very bullish sign for the stock to maintain momentum
4. Looks good for 20-40% return in 3-6 months
Multi year fresh breakout done(use dips to add)
Good area to enter is near 150-165.
Avoid below 140
Target 200-228
Disclaimer:- Chart is being prepared only for educational purpose.
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
This gonna heavy breakout as like GODREJPROP. You can buy at this level and there is straight upside in SEP series.
INDHOTEL : Next Boom !!!
Note : I'm not SEBI registered consultant. This is purely educational purpose. If you are naïve in this please get advise from your financial advisor.
Indian Hotels Co. Ltd. engages in the provision of hotel services. It operates through India and Overseas geographical segments. The company was founded by Jamsedji Nusserwanji Tata in 1989 and is headquartered in Mumbai, India.
NSE
![INDHOTEL: [ INTRADAY ] INDHOTEL LONG BET](https://s3.tradingview.com/k/Ko4xae9I_mid.png "[ INTRADAY ] INDHOTEL LONG BET")
