Sell INDHOTEL for a target of 780 in next 3 days

10 dic 2024

INDHOTEL shares should be sold for a target of 780 over the next 3–5 days due to several concerning factors. The price has broken out of its upper range in the weekly chart, indicating an overextended move that is likely unsustainable in the short term. Additionally, the company may report a very weak October–December quarter, which undermines the current bullish sentiment and raises questions about the justification for the rally. The sharp upward movement appears to be driven by speculative trading or potential manipulation, with a high probability of profit-taking or corrective pullback to the 4-hour lower range near 780. Selling at current levels would allow traders to lock in profits and mitigate the risk of a sharp reversal.

13 gen

Trade chiuso: obiettivo raggiunto

Target of 786 well achieved and overshot.