Indian Hotels Co. Ltd. (INDHOTEL)
INDHOTEL is currently in a consolidation and potential recovery phase following a sharp decline from its September peaks.
Immediate support is visible at ₹724, with a stronger floor at ₹715. Resistance is pegged at the ₹750–₹755 zone.
The chart shows a series of higher lows in December, suggesting a possible Inverse Head and Shoulders formation, which is a bullish reversal signal.
Trading at ₹740.10, the stock is hovering near its key moving averages, specifically the 10 and 20 DEMA
Stock market investments are subject to high market risks. Technical indicators and past price performance are not guarantees of future results.
#WatchOutFor#StockInNews#TechnicalViews

513 likes·75 comments

















