Chalet Hotels Ltd – Technical View
Timeframe: Daily
The stock has formed a Falling Wedge pattern and is showing signs of a bullish breakout from the lower end. Price has bounced from the support zone near ₹860–870 and is now trying to sustain above short-term averages, indicating trend exhaustion on the downside.
🔑 Key Levels
Immediate Resistance: ₹915 – ₹930
Major Resistance: ₹960 – ₹1,000
Support Zone: ₹885 – ₹860
📈 Outlook
Sustaining above ₹915 can trigger a mean reversion move towards ₹960 / ₹1,000.
Volume expansion on up-move will confirm strength.
Failure to hold ₹885 may lead to range-bound or retest of lower support.
⚠️ Educational view only. Not a buy/sell recommendation.
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