Indian Hotels Swing Analysis

INDHOTEL

Indian hotels Ltd.
Swing Entry close above- 330.5

1. Price took support at the daily trend line, and bounced.

2. Fib retracement level of 50%

3. A close above 330.5 will trigger a bullish continuation as the price has formed a rectangle range, forming a base for a major move.
Next resistance is around 348 if it breaks then 387 And followed by 432 can be used as targets.

This is only for educational purposes only.
Always trade with stop-loss.

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Trade attivo:

1st Projected Target is hit, lets see if it move through the resistance zone of 348 mentioned on chart

Trade chiuso: obiettivo raggiunto:

Final Target hit, now Waiting for Fresh Signal to get in
old participants can hold some portion of the position for very long term.