Indian Hotel is looking strong for an upward movement on daily chart.
Probably missed the ideal Entry point of 118.5.
Entry : 122
Stop Loss : 118
Ideal target : 131
Break out possibility is high, but I personally will advise for an exit at 131 and re-entry at 132 with a possible target of 141.
Simple price action explanation. Not a recommendation.
Before...
Long view on Tata Coffee on weekly time frame. With Buy at 103 and targets of 109,113 and 121.
Stop Loss : 99.50.
With a lot of profit booking scene on 22nd February in the market, Tata coffee did not see the unusual volume surge for profit booking
Simple price action explanation. Not a recommendation.
Before trading, always consult with your financial advisor.
