Indian Hotels Company Ltd – 30.01.2018.

Daily Sentiment: Bullish.

Weekly Sentiment: Bullish.

Trend Strength: Strong

First Target: 151 (Pivot point)

If there is close below Support zone correction will continue.

To confirm further weakness need close below channel.

While stock holds above 140 trend is Strong and rise can resume.

Close above 151 and next stop will be previous highs.

In bigger picture, need close above channel resistance to confirm further rise.

Advertisements

Share Your Thoughts

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Powered by WordPress.com.

Up ↑