On the daily timeframe, Indian Hotels Company has shown a recovery from its recent lows and a breakout above the previous descending channel trendline.
Price is currently consolidating in a range around ₹700–₹755, forming a short-term structure that may lead to a potential breakout or breakdown.
Key Levels to Watch:
Resistance: ₹750–₹755
Immediate Support: ₹700–₹705
Bullish Scenario: A decisive breakout above ₹755, supported by strong volume, could indicate further upside momentum.
Bearish Scenario: A breakdown below ₹700 may indicate renewed selling pressure.
What to Watch Next: Price action around the consolidation boundaries and volume confirmation may help determine the next directional move. A breakout or breakdown should be confirmed rather than anticipated.
📌 Disclaimer: This chart is shared strictly for educational purposes only. It is not financial advice or a recommendation to buy or sell any security. Please do your own research and follow proper risk management before making any trading or investment decisions.
Price is currently consolidating in a range around ₹700–₹755, forming a short-term structure that may lead to a potential breakout or breakdown.
Key Levels to Watch:
Resistance: ₹750–₹755
Immediate Support: ₹700–₹705
Bullish Scenario: A decisive breakout above ₹755, supported by strong volume, could indicate further upside momentum.
Bearish Scenario: A breakdown below ₹700 may indicate renewed selling pressure.
What to Watch Next: Price action around the consolidation boundaries and volume confirmation may help determine the next directional move. A breakout or breakdown should be confirmed rather than anticipated.
📌 Disclaimer: This chart is shared strictly for educational purposes only. It is not financial advice or a recommendation to buy or sell any security. Please do your own research and follow proper risk management before making any trading or investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.