Buy Chalet Hotels Ltd Target Rs.380 - Religare Broking
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* CHALET has been seeing a phenomenal run for the last two years after the sharp decline in 2020. It has reclaimed all its major averages and reached closer to its record high zone.
* The recent consolidation above the support zone of 320 levels combined with buoyancy in the other hotel stocks is pointing toward the prevailing momentum to continue.
* It has the potential to retest the record high soon thus we recommend creating fresh longs in the given range.
Buy Chalet Hotels Ltd CMP: 350, STOP LOSS 334, TARGET 380
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