Indian Hotel Chart Analysis !! BrokeOut
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📈 Indian Hotels 📉
It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 290.
StopLoss should be kept at 219.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
It broke out from Resistance Zone of 220-225 and it also closed above high of Oct 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 290.
StopLoss should be kept at 219.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
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