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INDHOTEL: HOSPITALITY STOCKS WILL REWARD INVESTORS

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INDIAN HOTELS (NSE:INDHOTEL)  
Chinmayonniftyy Uppdaterad   
NSE:INDHOTEL   INDIAN HOTELS
Trend Analysis Chart Patterns Technical Indicators indianhotels INDHOTEL breakout
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trendanalysis chartpattern indicator indianhotels indhotel breakout
This week, the stock has given a breakout with massive volumes and tested its 52-week high as well. On the technical front, this stock can be seen trading in a rising channel with the formation of the higher high and higher bottom.The price-volume action with breakout suggests the next up-move in prices. Volume build-up also looks promising. Traders can accumulate the stock in the range of Rs 160-165 for an upside target of Rs 190-210. The second COVID wave delayed the recovery in the Hospitality sector by a couple of quarters. However, the impact this time around was less severe and the recovery has been quicker.

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