Indian Hotel Company Ltd share price hits 52 week high of 602 on 23rd February 2024. INDHOTEL shares hits more than 43 percentage in last 6 months. Now investers are looking for fresh entry on INDHOTEL share and latest upcoming targets. So, today we are looking for the fresh breakout entry and new upside targets for April 2024 month. You may like to check our previous short term stock picks in posted in our blog.
Last day EMKAY a global financial services told that Hotel shares can give a good Q4 results. So this Stock can be considered in our watchlist for a breakout and fresh buy level. There can be a growth in hotel sector because of the IPL matches and the visitor are expected to grow in coming months.
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Latest Chart Analysis for Indian Hotel Company share
INDHOTEL share price currently running at 591 rupees on 28th march 2024, which is near to the 52 week high of 602. Also we have found a channel pattern in this stock and ready to give a breakout from this pattern to give a further Upside movement. Here am sharing the daily trading view chart of INDHOTEL share below.
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| Latest Chart Analysis for Indian Hotel Company share |
In this chart we can see the channel pattern formed in this stock. From this we can see the Major resistance levels are 595 to 602 levels. You can look for a fresh breakout levels above this resistance levels. Buy INDHOTEL share above 603 levels for a targets of 630, 650 and more. You can consider this for both Intraday and short term Positional buy. Stoploss can be considered as 580 levels or as per your risk level. Any way we are expecting a upside movement in this stock.
Conclusion
We have seen INDHOTEL share fresh breakout levels and the latest upcoming targets for this stock. As per the analysis we are expecting a good Q4 results and we have considered it for the breakout stocks to buy or to add in your watchlist. Expected targets for Indian Hotel Company Ltd shares are 630 and 650 levels. Matk the levels and wait for the levels to activate to buy this stock.
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