Indian Hotels - Possible break to 400?

• Indian Hotels is now moving towards the life high on back of slow intent buying
  
• Wait to pick up stock / call options on reversion back to 21 EMA - around 332
  
• Dont chase this stock as it goes higher - prefer to take a position lower and then wait it out
  
• Stop loss is around 315 for a target of 365
  
• Weekly squeeze is also firing to the upside so this trade could be for 2-3 months
  
• Be careful around 360 as stock has reversed 2 times from there - there will be sellers there
  

Dagangan aktif:

Continue hold, add on pullback to the 21 EMA
Great results and targets updated

Dagangan aktif:

Took off some profit here at 360 plus and leave the rest for target of 400. if this breaks the 21 ema - square off

Dagangan aktif:

Keep holding - dont cut this too early

Dagangan ditutup: sasaran tercapai:

Stock touched 395 today and sharp traders probably took profits as its at 3 ATR. Longer term investors can continue to hold as ITC just said it will be listing its hotels portfolio - thats just more fuel for this stock. it could go to 450 in 6 months or so as analysts are upgrading. However short term traders shud take profits and move onto the next trade