Chalet Hotels Ltd – Technical View

📊 Chalet Hotels Ltd – Technical View Timeframe: Daily The stock has formed a Falling Wedge pattern and is showing signs of a bullish breakout from the lower end. Price has bounced from the support zone near ₹860–870 and is now trying to sustain above short-term averages, indicating trend exhaustion on the downside. 🔑 Key Levels Immediate Resistance: ₹915 – ₹930 Major Resistance: ₹960 – ₹1,000 Support Zone: ₹885 – ₹860 📈 Outlook Sustaining above ₹915 can trigger a mean reversion move towards ₹960 / ₹1,000. Volume expansion on up-move will confirm strength. Failure to hold ₹885 may lead to range-bound or retest of lower support. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS