Indian Hotels Co. Ltd – Technical View
Timeframe: Daily
Price is trading inside a descending channel, showing range-bound behavior with repeated rejections near the upper trendline. Recent candles indicate minor buying support near the lower Bollinger Band, but momentum remains cautious.
The stock is still below key resistance, and a strong breakout confirmation is required for trend reversal.
🔑 Key Levels
Support Zone: ₹700 – ₹710
Immediate Resistance: ₹745 – ₹750
Breakout Zone: Above ₹760 (sustained close)
📈 Outlook
As long as price stays inside the channel, expect consolidation. A decisive breakout above ₹760 with volume can open fresh upside. Breakdown below support may invite further pressure.
⚠️ For educational purposes only. Not a buy/sell recommendation.
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