14978 Investors following Hotel Leela. Share this News with them.
0
Like this story, share it with millions of investors on M3
Buy hotels stocks on dip: Bose
Technical Analyst, Rajat K Bose is of the view that one should buy hotels stock on dip as they look pretty good on the charts. He feels that hotel stocks will not fall below current level and some buying is likely to occur.
Technical Analyst, Rajat K Bose is of the view that one should buy hotels stocks on dip as they look pretty good on the charts.
Bose told CNBC-TV18, "If one looks at Indian Hotels , Hotel Leela , Taj GVK, Royal Orchid to name four of them, I persoanlly find that the move has begun.
"If you look at Taj GVK, you would find that there is rounding bottom formation and now the upmove has begun, so there could be a corrective swing. It has touched Rs 205 today, it has come down to about Rs 193 but at lower levels buying will come in. Similarly for Indian Hotels I don't think it will fall actually below Rs 165 chances are follow on buying is likely to occur."
"The chart of Royal Orchid is very good even there some buying is expected. Hotel Leela of course Rs 74.5-75 is a resistance but it is ulikely to fall below Rs 69. So I would recommend on dips buying into these hotel stocks as they look pretty good on the charts."
