In the previous session, Domestic indices concluded volatile session in the red territory. The index opened a gap up but soon slipped into a negative territory. Market remained in a sideways zone throughout the day.  On the technical note, the index formed a bearish candle on the chart and closed on a net loss of 121 points. Traders should be focused on sector and stock specific approach for the next trading day.

Look at the below research report of ‘Stocks to Buy for Tuesday, April 18,2023’ before the market opens.

Indian Hotels Co Ltd

On the technical front, the stock has delivered a horizontal trendline breakout in today’s session as it surged 1%/.A bullish engulfing candle appeared on the chart. The momentum indicator Relative Strength Index RSI (14) has also sustained above 64, indicating bullish strength.

In short, INDHOTEL looks to be at a breakout level with bullish up move expectations. Positions can be created above 333.50 levels, which can take prices towards 349 level. On the other side, 20 EMA support will act as key support for the stock.

Check More Analysis on at INDHOTEL: Indian Hotels Co Ltd