Indian Hotel : Buy or Sell Tech Analysis of the share

 

Investors have paid higher prices over time to buy The Indian Hotels Company Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has also broken an inverse head and shoulders > formation.

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A decisive break of the neckline at approximately 326 will signal a further rise to 367 or more. The stock is between support at rupee 315 and resistance at rupee 344. 

A definitive break through of one of these levels predicts the new direction. The stock is overall assessed as technically positive for the medium long term.