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INDIAN HOTELS - Swing Trade Analysis - 8th June #stocks

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INDIAN HOTELS (NSE:INDHOTEL)  
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Trend Analysis Chart Patterns Technical Indicators indianhotels swingtrading traderyte Falling Wedge breakouttrading trendtrading priceactionanalysis supportandresistancezones weeklymarketsanalysis
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trendanalysis chartpattern indicator indianhotels swingtrading traderyte fallingwedge breakouttrading trendtrading priceactionanalysis supportandresistancezones weeklymarketsanalysis
INDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024

Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress

Please Note:
- Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing
- If not, then it automatically gives us a small SL and you can pyramid into as it rises

* Disclaimer
Komen:
INDIAN HOTELS Update (as on 18th June, 2024)

✓ 6.5% Up in 5 Trading Sessions

- As mentioned in our last update, this gave for a nice small SL at the Demand Zone marked out
- Added into as it rose with volumes
- TSL is above cost

Also Note: This is at a Breakout Level on a Weekly Time Frame as well

* Disclaimer
Penafian

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