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Podcast (English) | Today's Pick: Indian Hotels Company

| Updated on November 20, 2019 Published on November 13, 2019

Investors with a short-term perspective may buy the stock of Indian Hotels Company at current levels.

The stock jumped 6.4 per cent accompanied by above average volume on Wednesday. It breached an immediate resistance at Rs 153.  

In mid-September, the stock took support at Rs 130 and began to trend upwards.

The key support at Rs 145 and the 200-day-moving-average have cushioned the stock and have helped it to trend upwards.

The short-term outlook is bullish for the stock. Targets are Rs 160.50 and Rs 165.50. Traders can buy the stock of Indian Hotels Company with a stop-loss at Rs 152.

Published on November 13, 2019