Hi guys ,,,, I have been bullish on Indian Hotels for quite some time ,,, every technical analyst seems to believe that 160 is a strong resistance on this counter and the stock has retraced from these levels before,,,,
In todays trade at around 3.10 pm the counter was down 7 trading at 149.80 ,,,, suddenly the stock shot up to 157.90 in the last 20 mins and the volumes also increased by 25 lakh shares ,,, there was big build up seen in jan futures ,,, the stock after adjustment has closed at around the 153.5 levels ,, In post closing there are buyers 4 around 250000 shares ( bse and nse combined )
I have long positions in this counter and in the last two months that I have been tracking this stock, I have never seen such volatile movements ,,,,could someone tell me whether there is any news on this counter or is there something on the charts that suggest that there might be a big move building up ???? The volumes today were more than 4 times the average volumes ,,,,
Please help if u have any info on this ,,,,, thnx
In todays trade at around 3.10 pm the counter was down 7 trading at 149.80 ,,,, suddenly the stock shot up to 157.90 in the last 20 mins and the volumes also increased by 25 lakh shares ,,, there was big build up seen in jan futures ,,, the stock after adjustment has closed at around the 153.5 levels ,, In post closing there are buyers 4 around 250000 shares ( bse and nse combined )
I have long positions in this counter and in the last two months that I have been tracking this stock, I have never seen such volatile movements ,,,,could someone tell me whether there is any news on this counter or is there something on the charts that suggest that there might be a big move building up ???? The volumes today were more than 4 times the average volumes ,,,,
Please help if u have any info on this ,,,,, thnx