Indian hotels on a high. Indian Hotels Co. Ltd. engages in the ownership, operation, and management of hotels, palaces, and resorts. It operates through India and Overseas geographical segments.
Indian Hotels Co. Ltd. CMP is 691.25. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and Book Value per share Improving for last 2 years. The Negative aspects of the company are High Valuation (P.E. = 76.6), Declining profits and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 693 Targets in the stock will be 706 and 722. The long-term target in the stock will be 738. Stop loss in the stock should be maintained at Closing below 649 or 596 depending upon your risk taking ability.
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Indianhotel
Tata Group stock- A generational wealth builder?IHCL is one of India’s leading hospitality companies. They are continuously increasing their portfolio of properties and diversifying their presence both across Bharat and the whole globe. The expansion is taking place at a rapid place.
The company has also reduced its debt successfully to pre Covid levels which is a positive sign. It has increased its operating profit margin from average 15% to a good 30%. The revenue is also at its high and it will definitely increase in the coming future with increasing portfolio of hotels.
Increase in price of land and increasing property prices will also be a key factor in increasing the book value of the company which will further increase the share price.
Thus it is a good opportunity to invest in this company. The stock may go down from 600 levels as the stock has given a good run up in the last year but for long term view small falls should not effect us. The company is looking healthy for parking money for 15-20 years.
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Indian Hotels Ltd. looks bullishIndian Hotel (INDHOTEL) on a daily time frame
The monthly, Weekly and Daily RSI above 60.
Difference between monthly and weekly RSI is more than 10
A typical cup pattern formation
Volume is increasing as it is approaching the neckline
Last session candle looks bullish and about to break the neck.
If the neckline is broken with volume and retest the same, it would be a good swing trade.
Indian Hotels short opportunityAll the required information is in the chart above along with analysis points and some explanation.
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INDIAN HOTELS Indian hotels wave structure suggesting that wave (2) of wave 3 has been completed with healthy retracement levels, and now Wave (3) of wave 3 has been started, along with trendline breakout with good intensity of volumes too, with macd positive crossover and also uptick above zero line, one can go long at current levels or in dips (if any) with stop loss of 132, targets can be 180 plus.
Wave Structure could be like this
Key levels are mentioned on chart
Breakout with good intensity of volume
Price at upper band
Very healthy retracement level
Macd in daily positive crossover and Uptick and also above zero line
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing