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Indian Hotels, IRCTC: Are travel related stocks a risky bet or a smart buy?

Any positive development in the travel industry may boost related stocks.

India's travel market | Travel firms | stock market bets

Avdhut Bagkar  |  Mumbai 

Travel related stocks

Indian Railway Catering and Tourism Corporation (IRCTC)
Likely target: Rs 930
Upside potential: 12%

As long as the accumulation range of Rs 800 to Rs 750 is protected and continue to see bullish interest, the stock price of may see a rally towards Rs 930, which has become the immediate obstacle. That said, the Moving Average Convergence Divergence (MACD) has fallen below the zero line suggesting weakness and signalling stiff resilience on reversal. CLICK HERE FOR THE CHART

Delta Corp Ltd (DELTACORP)
Likely target: Rs 300
Upside potential: 10%

The shares of Delta Corp are experiencing resistance in the range of Rs 310 – Rs 300 levels, according to the daily chart. The recent weakness has seen rebound around Rs 240, which is near to the 100-DMA, currently placed at Rs 233 levels. On the other hand, when the stock succeeds in conquering the 50-DMA positioned at Rs 272, the breakout efforts may see another attempt to cross Rs 300 resistance. CLICK HERE FOR THE CHART

InterGlobe Aviation Ltd (INDIGO)
Outlook: Needs to conquer Rs 2,000

The stock has traded sideways in the range of Rs 2,000 to Rs 1,800 levels after the massive gap-down seen in the month of November 2021, according to the daily chart. Post consolidation the stock needs to clear the hurdle of Rs 2,000 with aggressive volumes to rally ahead. This may come true as the Relative Strength Index (RSI) has formed a double bottom. The breakout may see Rs 2,100. CLICK HERE FOR THE CHART

Indian Hotels Co. Ltd (INDHOTEL)
Likely target: Rs 207 and Rs 220
Upside potential: 5% and 11%

After holding ground near 100-DMA currently placed at Rs 169, the stock price of is attempting to conquer 50-DMA resistance located at Rs197.50. If this happes, the breakout rally may trigger a sharp jump towards Rs 220 levels. The immediate hurdle for the stock is at Rs 207, which is the gap down level, according to the daily chart. The major next move is expected above Rs 225 levels. CLICK HERE FOR THE CHART

Likely target: Rs 70
Upside potential: 8%

The shares of Thomas Cook succeeded to hold the support of 200-DMA positioned at Rs 60 levels. And as long as it continues to do so, the reversal or accumulation may see sharp rally in the direction of Rs 70, which is the recent breakdown level, according to the daily chart. CLICK HERE FOR THE CHART



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First Published: Tue, December 07 2021. 13:49 IST