Technical Analysis Indian Hotels

The stock

is showing a bullish to sideways structure on the daily chart. After forming a strong bottom near ₹570–580 in April the stock recovered sharply and moved above the ₹680–700 zone. However, after reaching around ₹750 it has entered a consolidation phase and is currently trading near ₹723. Support & Resistance: Immediate support is around ₹710–700 followed by stronger support near ₹680. On the upside ₹740–750 is the immediate resistance zone. A sustained breakout above ₹750 can push the stock towards ₹775–780 with ₹800 as the next psychological resistance. Short-Term Outlook: The setup remains positive but range-bound. Fresh buyers can consider entry near ₹700–710 on a successful reversal, or wait for a strong breakout above ₹750 with volume. Existing holders can continue holding with a trailing stop-loss around ₹680. A decisive close below ₹680 would weaken the current bullish structure.