Think Invest in HOTEL LEELA

HOTEL LEELA :

During the last week, this stock from the hotel industry was seen making all the possible attempts of rising higher. We had recommended this one in our letter dated 1st Jan 08. However the trend suffered a scare when the prices dived to touch a low of 37 during March leaving a cause of concern for the investors. We hope that our readers were able to exit during this fall when the stop loss levels were triggered. However those who are still holding their positions would definitely wonder whether the rosy picture mentioned during our recommendations is still intact. Analyzing the trend we find that the prices managed to turn up after retesting the low of 37 that it made in August 07. By the looks of the things it appears that the buying interest did set in a bit last week but has not seen any confirmation so far. If we do see some recovery from here then it will help the prices to stage a relief rally. We advise those who are stuck, to average at current levels and exit during rallies with whatever available profits.

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Category: Medium Term, Midcap