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