INDHOTEL trade ideas
INDHOTEL GOING FOR ATH?Hello Traders.
Firstly Speaking of last posts PEL has achieved its first target on the same day and the trade is still running, ICICI bank is still consolidating but has neither hit the SL nor has given a significant move either side.
Speaking of the current chart of INDHOTEL , It made a ATH after the Covid pandemic bans were lifted and has been in a bull run ever-since
Now it's time for the tourism sector to boom according to me and hotels will be the major runners.
By the way I don't do Fundamental analysis so speaking of technicals INDHOTEL made a ATH then consolidated and retraced in a declining channel which seen with it's previous move forms a BULLISH FLAG AND POLE PATTERN .
Now it has retraced about 66% so it's looking ahead for a run for the upper marked targets and can also make a new ATH in coming weeks.
FIB looks good
MACD turning bullish
RSI is at good levels.
All required informations is on the charts, the orange lines are the level of buying for me whereas white lines are targets.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks.
Any comments and critiques will be appreciated even if it's of opposite views as a trader can only be right so many times.
P.S - The decline in INDHOTELS was not steep and abrupt but slow and steady which always looks good to me. And the channel is also broken now
Bullish NSE:INDHOTELBuy = 185
SL = 168.58
Target 1 = 217.84
Target 2 = 234.26
23/09/2021
Bullish NSE:INDHOTEL-->Indian Hotels Company Ltd
Buy for short term
Indian hotels(W)#Indianhotels(w)
#makinghigherhighs
#crossedstrongresistanceline
#waitforpullback
#justTA
#sadaksays
INDIAN HOTELSIndian hotels is breakout on weekly time frame and it was to strong as company was also strong and benifit from post covid-19 results
as soon as the tourism is open the company was too profitable
indian hotel best for swing buy good breakout of 2006indian hotel multi year breakout of 2006, if sustain above 170 .. good for long term target open 200/250 SL 150 good area for buy 175
INDIAN HOTELS - High trend strength Look at the structures that the stock has been making in the past.
All these breakout from different patterns have made the strength even stronger.
We have a breakout into new highs accompanied by volumes.
The stock is bound to post a good move from here
Long swing tradeBreakout out in stock on weekly time frame
+ Broken 3 year old resistance level
+ Good news in tourism and hotel sector
Guys this isn't a investment advise do you own analysis before investing
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
Indian Hotel - Trade the Stock and Stay at the HotelIndian Hotel - The TAJ is inviting for a staycation. Looking to break the ATH around 165. Can do a 250 also. SL for this is 110 or M RSI below 52 whichever is early.
DISC: Not a SEBI Registered.I post charts for my own study.
IndhotelsIndhotels short term targets 151 and 160. As it is my first technical analysis, can any expert give their view?
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.
