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Indian Hotels shares trade at all-time high. Can the rally defy market gloom?

by Robert Van Pash (Editor)
November 23, 2024
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The shares of Indian Hotels Company have been performing very well amid a weak market. The stock is currently trading at its all-time high level when the other stocks are on a downward journey.

The stock has been making higher highs and higher lows on the daily chart and is also placed well above all its significant short, medium and long term exponential moving averages.

However, with an RSI at 71 levels, one may be cautious about the stock being in an overbought territory.

Indian Hotels stock…

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