INDHOTEL

Technical View- As we can see daily chart of

IHCL, its witnessed a significant breakdown, breaching both its 20-day and 50-day EMAs. However, today's price action indicates a shift in sentiment. The stock opened around ₹742 and made an intraday low around ₹735, from where strong buying emerged, leading to a steady upward move. Currently, the stock is taking support at its 200-day EMA, suggesting that the major part of the recent correction may be over. The ₹740 level appears to be a strong support zone now. With the stock trading around ₹750, a sustained move above this level could trigger a short-term pullback. If the momentum continues and the stock holds above the 200-DMA, there is a high probability of it heading towards the ₹775–₹780 range in the coming sessions.