The zone 58 - 60 acted as resistance multiple times in the past.
Breakout of that level is achieved on 25th March with volume.
If price reaches the level, it is most likely to be a retest and has very good chance to act as support and bounce back is expected.
More over with COVID restrictions are removed.
This stock in hotel business, should fundamentally improve and perform well in coming period.
So IMO (In my opinion), this is good for a long term investment too
Stop loss/target levels are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
Breakout of that level is achieved on 25th March with volume.
If price reaches the level, it is most likely to be a retest and has very good chance to act as support and bounce back is expected.
More over with COVID restrictions are removed.
This stock in hotel business, should fundamentally improve and perform well in coming period.
So IMO (In my opinion), this is good for a long term investment too
Stop loss/target levels are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.