Buy Indian Hotels Company Ltd For Target Rs.342 - Religare Broking
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Indian Hotels Company Ltd
* Indhotel has been inching gradually higher, after spending nearly 4 months in a corrective phase.
* It has witnessed a breakout from a declining channel and looks set to resume the uptrend.
* The base formation above short term moving averages before the breakout is added positive.
* We thus recommend initiating fresh longs in the mentioned range.
Buy Indian Hotels Company Ltd @ BUY CMP 327; Range 323-326; SL316; Target 342
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