Hotel Lela bottoming out

There is clear indication in this counter about the bottom fishing. There is a good volume support. (ie the volume picks have come on the day the prices have risen) and if it closes above 62 one can buy it with target of 67.5.

The target is arrived at considering the resistance level of earlier consolidation. If you are holding this stock then 54 should be your Stop loss. Stop loss as can be seen is arrived using the New Up trendline (SL LINE in red). Hence the Stop loss keeps on rising as the time goes by.

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