Hotel Leela

Hello friends,

see the chart of Hotel Leela: CMP: 71.55

Buy set up has been formed.

Pull your trigger on strong close above 73 on closing basis.

Technicals:

1) Huge volume activity.
2) Fibonacci retracement and a triangular consolidation.
3) Return of the volume
3) 50EMA cross 200EMA ( hey , this is not a buy signal, only a minor symptom )
4) Correction on decreasing volumes.


News Talked:

Goldman Sachs could buy 30% stake!


See ya,
Winston

Are you talking long term or short term?
As per the fundamentals, I think its a little expensive for short/mid term at current levels. But thats my view.

hi,

it's for short term!

see ya

what is the short term target dude.

Currently the stock is trading @ 75. Touched 52 week high today.
What is your call on its ST Target?

90+ target in short term

technically.....its a hold...only a close below 55 will alter the bullish outlook...

hotel leela has also hot resistance....needs to clear that to rise further which may not happen soon....

Dear Experts,

At what level i should enter in Hotel Leela ?

Thanks
Vikram

Resistance at around 76-78 level. Closing above this resistance only encourages bullish outlook.