Detailed thread of Hotel Stocks analysis...Some are extended & some are still giving good low risk entry
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Do like & retweet if you like the analysis (1/n)
EIH Associated hotels - The stock has broken out + retested the support & can head to 580 levels which is 2018 high
2) Indian Hotel - One of the best charts as this is at all time high.Though this is extended currently and can be looked on pullback entry to 20 EMA . The biggest hotel company
3) EIH hotels : Can reach to 186 resistance zone - Stock has been acting tight. One should wait for smaller patter reversal from 10/20 EMA for best entry
4) Chalet Hotels : The stock seems at a upward trendline resistance + ATH resistance : Not ideal for an entry now
5)Lemon tree weekly chart : This is interesting one - Can move to new ATH
6) ITDC : Nothing much going on - In consolidation mode
Thanks for going through...In case of any other specific hotel stock , you can ask here
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