Keep an eye on Hotel stocks
Indian hotels
Buying happening in the stock.
Price moving from few sessions it should pause, may happen today .
Risk reward is better only if we enter when the price retraces.
Not expecting huge returns but 10-12 % can be achieved.
Can exit at trend line.
Keep an eye on EIH hotels, Lemon tree, recently listed PARKHOTELS.
Note: I am not trading in Indian Hotels , I am already trailing SL in Lemon tree hotels.
Careful with the rise in prices. profit booking is fast, see so many foreign funds are selling. there is a chance they increase the price before trapping us. Keep a strict SL.
Real estate stocks are also seeing buying.
Buying happening in the stock.
Price moving from few sessions it should pause, may happen today .
Risk reward is better only if we enter when the price retraces.
Not expecting huge returns but 10-12 % can be achieved.
Can exit at trend line.
Keep an eye on EIH hotels, Lemon tree, recently listed PARKHOTELS.
Note: I am not trading in Indian Hotels , I am already trailing SL in Lemon tree hotels.
Careful with the rise in prices. profit booking is fast, see so many foreign funds are selling. there is a chance they increase the price before trapping us. Keep a strict SL.
Real estate stocks are also seeing buying.
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