Video highlights similarities with the last earning cycle as well as a good way to play this stock.
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas here for education &...
price facing resistance at previous pivot level
forming an Head and Shoulder pattern
price exactly at 18 day EMA --has to be broken for a free fall
MACD daily - below signal line
weekly 3-6 MACD negative cross over
considering the MACDS RSI - chances of fall is very high
RR is not attarctive though
Indhotel forming inverse Head & Shoulder
It may give breakout above 398
Indhotel above 397.50-398.00
Looking tgt 402-405-410++
In Very short term.
Keeping on radar indhotel 400 CE
Indian Hotels is now moving towards the life high on back of slow intent buying
Wait to pick up stock / call options on reversion back to 21 EMA - around 332
Dont chase this stock as it goes higher - prefer to take a position lower and then wait it out
Stop loss is around 315 for a target of 365
Weekly squeeze is also firing to the upside so this trade...
Stop loss is little bit big here but a good trade both levels for intraday and swing are mentioned on charts please follow and connect with your financial advisor
INDHOTEL daily candle ( Triple Top Confirmation ) analysis
IndHotel Looks like Tripple Top Analysis
IndHotel is confirming Tripple Top on Previous day closing candle
so its a sell for me
with the stoploss 360
short entry between 348 to 350
Target1 326
Target2 301
Target3 280
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 10th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4....
Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023
An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High
Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up
Upside Target:
north of...
