Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Cash Long Indhotel Why ? = Holiday season demand is picking and same is reflecting in chart
Indian Hotels has overlapping support zones across multiple time frames as shown. Buy, Stop Loss and Target levels are indicated in the charts Buy @ 122, Stop Loss @ 115 and Target @ 143. Keep trailing stop loss to cover your profits. Risk: Medium Always trade with the trend.
Indian hotels at trend line support with good volumes and a bullish candlestick. buy above 140 with SL below 130 tgt 160
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. :|