Stock of the day : Indian Hotels Company Ltd. For Target Rs.675 - Religare Broking
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Indian Hotels Company Ltd
* We are seeing decent traction in the Hotel related stocks and INDHOTEL is leading from the front.
* It has witnessed a fresh breakout from the multi week consolidation phase with decent volumes suggests bullish tone to continue.
* Considering price pattern and bullish positioning of momentum indicator, we believe prevailing trend to strengthen further.
* Traders can consider fresh longs in the mentioned range.
Buy Indian Hotels Company Ltd CMP 638.40 Range 636-640 SL 620 Target 675
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SEBI Registration number is INZ000174330
