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Indian Hotels buying opportunity for short term
Buy INDHOTEL in demand zone (Valid only for July 2018)
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.
Always trade with the trend.
It has broken out of its long term resistance on weekly chart.
Needs close abv 142 for 155 and more!! Right now in consolidation and approaching near breakout
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.
Buy Above 122
SL close below 115
Target 130/140 and more.
Looks good candle..
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. :|