Get started

Indianhotels

INDIAN HOTELS- UPSIDE CAPPED-BOOK PROFIT/ SHORTINDIAN HOTELS, CMP 855.60; RSI:78.71 Indian hotels has given good runup and created good wealth for investor. Now RSI suggest script is in overbought zone, wave analysis also suggest that upside is capped for the script till 950 to 980 levels. As per the minute level chart analysis, script will face resistance at current level and may retrace to a level of 805 to 775 levels and will form corrective wave-a pattern and bounce back to 910 to 950 level before settling down in consolidation zone. SHORT @ 910-983 STOP LOSS: 1010 TARGET: 775-805
NSE:INDHOTELShort
by DrPrashantVerma
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. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:INDHOTELLong
by Happy_Candles_Investment
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
NSE:INDHOTELLong
by RK_Chaarts