Indian Hotels Share : Buy or Sell Analysis

The Indian Hotels Company Limited is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The stock is moving within a rectangle formation between support at 306 and resistance at 330. 

Check our Best Bank Nifty Option Tip for the Day and you can start making profit even with Rs 10000. 

A decisive break through one of these levels indicates the new direction for the stock. The stock has marginally broken up through resistance at rupee 320. An established break predicts a further rise. Volume has previously been low at price tops and high at price bottoms. This weakens the stock and indicates increased chance of a break down. The stock is overall assessed as technically positive for the medium long term.