Stock of the day : Indian Hotels Company Ltd For Target Rs. 495 - Religare Broking
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Indian Hotels Company Ltd
* INDHOTEL is trading, forming higher highs and higher lows.
* According to the price action, the chart suggests the most resilient setup, forming support at 100EMA.
* The stock has consistently traded in a rising trend and maintained bullish sentiments for a considerable amount of time.
* Recently, stock has formed double bottom with bullish reversal from the 100EMA.
* Since a positive bias increases the likelihood that the stock will reach new highs, traders are advised to maintain buy.
Buy Indian Hotels Company Ltd CMP 688.4 Range 686-689 SL 674 Target 718
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SEBI Registration number is INZ000174330
