A channel pattern formation is observed in India Hotels,
Small candle sticks formation at support trendline indicates that the price is taking a good support at trendline.
High probability that the stock will move up & quick profits can be booked. Stop loss can be placed at 94, which confirm price break down.
*ALL MY IDEAS ARE FOR EDUCATIONAL AND PAPER TRADING PURPOSE ONLY*
*I AM NOT SEBI REGISTERED*
BEST BUY IS FROM 103-100
TGT 1- 108.50
TGT 2- 112.50
TGT 3- 120
AVG IT AROUND 96.50 IF IT COMES DOWN
AND SL IS E 3H CANDLE CLOSE BELOW 92.50
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 1899 and is headquartered in Mumbai, India.