Ind Hotel, a prominent player in the hospitality industry, is currently exhibiting strong bullish momentum in the stock market. With a stoploss set at 559 and a straight target of 161, investors are eyeing potential gains in the near term
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,...
The stock is making flags since covid recovery. If the stock breaks out upwards then there could be nice move possible in the upcoming days.
Once could enter a position once break out happens.
