INDHOTEL trade ideas
Opportunity to buy India Hotels on Dip for long termHi Traders,
I hope everyone is doing well and making smart investment choices. Presenting you chart of IND HOTEL which in recent days is getting hammering, but use every dip as a golden buying opportunity.
Chart has a double top pattern known as "M" pattern with lows of 305 being critical levels. once 305 is broken you can short stock in Intraday but for long term add it on every dip.
Hotel Industry outlook in coming years looks very promising in India.
Break out ideas 💡 Indian Hotels
Trade around 60 points range around 180 days then it break up and retested.
In weekly pivot pivot R1 breaks out also there
200 EMA below the price only
I expect it's a long opportunity
Buy @ 245
SL @ 223.90
Target @ 297
WEEKLY TIME-FRAME
Disclaimer
This is not a recommendation
I am Not a sebi reg advisor
I am just sharing my view
Any types of mad movements can happen in the market.
Please consult your financial advisor before entering the trade 🙏
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