Kamat Hotels — Rounded Bottom / Cup Breakout
Kamat Hotels has given a strong breakout above the ₹245–250 resistance zone after forming a broad rounded-bottom structure.
The breakout is supported by improving volumes, a bullish MACD setup, and strong RSI momentum, suggesting positive trend continuation if the stock sustains above the breakout zone.
Since RSI is already elevated, a retest of the breakout area would offer a better risk-reward entry than chasing sharply higher levels.
Entry: ₹250–255
TP1: ₹275
TP2: ₹290–300
SL: ₹238 on closing basis
View: Bullish above ₹245.
For educational purposes only. Not investment advice.
Kamat Hotels has given a strong breakout above the ₹245–250 resistance zone after forming a broad rounded-bottom structure.
The breakout is supported by improving volumes, a bullish MACD setup, and strong RSI momentum, suggesting positive trend continuation if the stock sustains above the breakout zone.
Since RSI is already elevated, a retest of the breakout area would offer a better risk-reward entry than chasing sharply higher levels.
Entry: ₹250–255
TP1: ₹275
TP2: ₹290–300
SL: ₹238 on closing basis
View: Bullish above ₹245.
For educational purposes only. Not investment advice.
7even
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
7even
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.