Indian Hotels
CMP 318
Yes we remember that we posted about it in May 22 – price moved from 220s to 350s.
But as of now , it seems to be in its last legs (vth wave )of upmove of current cycle that started from Covid -lows. It can end at anytime. Vth waves are tricky , hence very difficult to judge.
From a long term investing prespective, we will wait on sidelines and would enter only after is gives a reasonable correction. Why to buy a full-priced ticket so late for a disco when the party can end at anytime !
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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