Topic Statement:
India Hotels has faced persistent selling since the start of the year, breaking its uptrend and entering a bearish phase.
Key Points:
- The stock is now moving within a down-trending channel, making channel-based trading effective
- Price is trading below both the 50 and 200-day EMAs, marking it as highly oversold in the short to medium term
- Strong support has been established at the 700 level, which serves as a key accumulation zone for long-term investors
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.