IndhotelsIndhotels short term targets 151 and 160. As it is my first technical analysis, can any expert give their view?
INDHOTEL trade ideas
INDHOTEL - LONGINDHOTEL Looks strong above the resistance zone of 133-134 with SL of 112 WCB
- RSI has already given trendline BO
- RSI levels 60 is acting as resistance, once closed above 60 levels one can expect fireworks.
All key levels are mentioned in the chart.
Triangle patternGood for short below 118.75 for short term...
Please follow your risk reward management.
Indian Hotel- Flags & then more Flags The stock is making flags since covid recovery. If the stock breaks out upwards then there could be nice move possible in the upcoming days.
Once could enter a position once break out happens.
Indian Hotel @ Breakout- Can give you better return? Did Triangle breakout and now price are testing the levels. it will give you better return.
Reason to add you in portfolio.
1. EMA 50-200 crossover done.
2. Triangle breakout done with good volume.
3. Breakout level test is done.
4. RSI support this trend.
5. Price moves up with support of 50% level of Fibonacci retrenchment.
INDHOTEL - NSE
1. Neutral share - Hold
2. Stop loss 113.55
3. Bullish flag with high volumes (Weekly chart)
4. Overbought share
5. Consolidation and will give breakout
India Hotelsdue to overbought conditions in the scrip, needs a correction, best optimum buy price is below 120 in support zone. gradual lifting of restriction regarding COVID 19 will help hotels to works on full fledged.
Buy indohotel 112 Tgt 117@120@125 Positional call Sl105 closing Buy indohotel
112
Tgt 117@120@125
Positional call
Sl105 closing below
Keep rdaar
Indian Hotel: Swing BuyUptrending bullish channel with buy levels between 85-88
Target: 145
Invalidation price: 80
INDHOTEL LONG#INDHOTEL 6 months range breakout enter above 103 target 110 117 122 133+ breakout retest zone 94 Sl 88 dcb
INDIAN HOTELS // levels to watch
Currently long from 61.8% level marked (124), break of red ranges is bullish AF.
Right now we got rejected from descending triangle's upper trend line, expecting it to break at the retest.
Probably will hedge sometime at red lines marked.
Liquidity at demand zone getting weaker after 5 bounces. A break below demand range is bearish, will look for shorts.
