Kamat Hotels (India) Limited (KHIL) is a prominent entity in the Indian hospitality sector, established on March 21, 1986, by the late Mr. Venkatesh Krishna Kamat. The company specializes in setting up and managing hotels and related businesses across India.
Stock has possibly formed a bullish continuation rectangle after its breakout above 250 levels. It will be important for the stock to hold above the 200-day average and the neckline of the 8-month long base around 240-250 levels. Breakout above 314 can resume its uptrend.
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