INDHOTEL presents a compelling buy-side technical opportunity consolidating above key pivot ₹618 support (S1 ₹612/S2 ₹601) after 3.12% surge to ₹642 intraday high with 5.11% three-day gains, showing strong short-term momentum despite longer MAs resistance. Neutral technical indicators (8 Buy signals, mixed MACD/Bollinger) alongside mildly bullish OBV confirm accumulation near S3 ₹595, creating favorable risk-reward setup amid hospitality sector rebound. Higher lows formation validates long entry targeting R1 ₹629/R2 ₹636 resistance with tight stops below S2 ₹601 for optimal upside capture post recent 2.40% advance to ₹637 close.Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.