HOTEL LEELA - www.ashudutt.com

HOTEL LEELA - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE


Hotel Leela has been dropping at very low volumes. If there is a big sell order, it will not be able to absorb the order and so the falls could accelerate. The stock has a support at 48 and then at 45 and then at 42. The odds are it will head that way. If it crosses 54 on strong volumes, we can give it another look. At the moment, its best to avoid. It has lost its momentum
 
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