Indian Hotels broken the supply zone expected to break above the wedge pattern for the given target with below level as stoploss.
let's see
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My conditional upper side (pullback) view on NSE:INDHOTEL .
I will make entry only if price breaks and sustain on level 315. Will make stop loss of 304 only. Hold till target of 326 & 332.
Note: This is my personal analysis, only for learning.
Thanks.
All the required information is in the chart above along with analysis points and some explanation.
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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,...
