Indian Hotels - Possible break to 400?

22 Nis 2023

• Indian Hotels is now moving towards the life high on back of slow intent buying
  
• Wait to pick up stock / call options on reversion back to 21 EMA - around 332
  
• Dont chase this stock as it goes higher - prefer to take a position lower and then wait it out
  
• Stop loss is around 315 for a target of 365
  
• Weekly squeeze is also firing to the upside so this trade could be for 2-3 months
  
• Be careful around 360 as stock has reversed 2 times from there - there will be sellers there
  

2 May 2023

İşlem aktif

Continue hold, add on pullback to the 21 EMA
Great results and targets updated

13 May 2023

İşlem aktif

Took off some profit here at 360 plus and leave the rest for target of 400. if this breaks the 21 ema - square off

25 May 2023

İşlem aktif

Keep holding - dont cut this too early

31 May 2023

İşlem kapandı: hedefe ulaştı

Stock touched 395 today and sharp traders probably took profits as its at 3 ATR. Longer term investors can continue to hold as ITC just said it will be listing its hotels portfolio - thats just more fuel for this stock. it could go to 450 in 6 months or so as analysts are upgrading. However short term traders shud take profits and move onto the next trade