ITDC (India Tourism Development Corp Ltd) Weekly Chart Analysis
The stock has shown a trendline breakout and successful retest with strong volume support, indicating bullish momentum building up.
✅ Entry: 600
❌ Stoploss: 560
🎯 Targets: 653, 716, 774, 832
🔹 Previous resistance zone is now acting as strong support.
🔹 Volume spike confirms buying interest.
🔹 Risk-Reward looks favorable for positional traders.
This setup aligns with the tourism & hospitality sector’s ongoing revival and government focus on boosting domestic tourism.
Watchlist Addition 🚀
If momentum sustains, higher levels are possible in the medium term.
📰 Why should add :
Government initiatives to promote domestic tourism.
Upcoming festive and holiday season expected to boost travel demand.
Hospitality & tourism sector showing strong recovery trends post-pandemic.
#ITDC #Tourism #Hospitality #BreakoutStocks #SwingTrade #PositionalTrade #NSEStocks #ChartAnalysis #VolumeBreakout
✅ Entry: 600
❌ Stoploss: 560
🎯 Targets: 653, 716, 774, 832
🔹 Previous resistance zone is now acting as strong support.
🔹 Volume spike confirms buying interest.
🔹 Risk-Reward looks favorable for positional traders.
This setup aligns with the tourism & hospitality sector’s ongoing revival and government focus on boosting domestic tourism.
Watchlist Addition 🚀
If momentum sustains, higher levels are possible in the medium term.
📰 Why should add :
Government initiatives to promote domestic tourism.
Upcoming festive and holiday season expected to boost travel demand.
Hospitality & tourism sector showing strong recovery trends post-pandemic.
#ITDC #Tourism #Hospitality #BreakoutStocks #SwingTrade #PositionalTrade #NSEStocks #ChartAnalysis #VolumeBreakout
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.