🏨 Indian Hotels (INDHOTEL): CMP: ~724.75; RSI:61.61
INDHOTEL continues to display a structurally bullish setup, though some short-term consolidation may occur after the recent sharp recovery. The broader trend remains positive as long as the stock sustains above the key breakout and support zone of 700–710.
📊 Technical Highlights
Weekly Chart
✅ Strong rebound after taking support near the 200 WEMA (~563)
✅ Higher-high, higher-low structure remains intact
Daily Chart
✅ Golden Crossover in place, indicating strengthening momentum
✅ Rising volumes supporting the uptrend
✅ Decisive breakout above the long-term descending trendline
✅ Elliott Wave Analysis: Wave-5 impulsive move appears to be in progress
The stock is currently approaching a near-term resistance zone around 730–735. A sustained breakout above this level with strong volume could trigger the next leg of the uptrend.
🎯 Trade Plan
🔹 Buy Above: 735 (with volume confirmation)
🔹 Stop Loss: 710
🔹 Targets: 755 ➝ 790 ➝ 810+
💡 View
As long as INDHOTEL holds above 700–710, the bullish structure remains intact. A breakout above 735 could pave the way for fresh momentum and higher levels in the coming weeks.
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INDHOTEL continues to display a structurally bullish setup, though some short-term consolidation may occur after the recent sharp recovery. The broader trend remains positive as long as the stock sustains above the key breakout and support zone of 700–710.
📊 Technical Highlights
Weekly Chart
✅ Strong rebound after taking support near the 200 WEMA (~563)
✅ Higher-high, higher-low structure remains intact
Daily Chart
✅ Golden Crossover in place, indicating strengthening momentum
✅ Rising volumes supporting the uptrend
✅ Decisive breakout above the long-term descending trendline
✅ Elliott Wave Analysis: Wave-5 impulsive move appears to be in progress
The stock is currently approaching a near-term resistance zone around 730–735. A sustained breakout above this level with strong volume could trigger the next leg of the uptrend.
🎯 Trade Plan
🔹 Buy Above: 735 (with volume confirmation)
🔹 Stop Loss: 710
🔹 Targets: 755 ➝ 790 ➝ 810+
💡 View
As long as INDHOTEL holds above 700–710, the bullish structure remains intact. A breakout above 735 could pave the way for fresh momentum and higher levels in the coming weeks.
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
Trade active
Indian Hotels (INDHOTEL) | Swing Trade Update🎯 Target 1 HIT: ₹755 ✅
Our earlier bullish view on Indian Hotels is playing out as anticipated. The first target of ₹755 has been achieved, keeping the original swing-trade setup on track.
📊 What’s Next?
✅ Target 1: ₹755 — Achieved
🎯 Target 2: ₹790
🚀 Target 3: ₹810+
📌 Revised Strategy
🔹 Book partial profits to secure gains.
🔹 Trail Stop Loss to ₹735 to protect capital.
🔹 Hold the remaining position for the next targets, subject to price action and momentum confirmation.
💡 View: The focus now shifts to ₹790, followed by ₹810. Avoid chasing the stock at elevated levels; wait for a suitable entry if you are not already invested.
Trade closed: target reached
Congratulations to all those who participated in this trade and reepd out profits, all the targets are acheived. Closing this thread for now.
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Join The Crocodile Strategy for timely market updates, swing trade setups, technical analysis & quick market insights.
whatsapp.com/channel/0029Vb6zQU1DDmFMeeYP7g0w
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Related publications
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.