*$Tourism Finance - a Technical Update$*
The share rallied from Rs.55 to Rs.115 during March-May 2017 and then moved in a sideways direction b/w Rs.90 & Rs.115. However, this consolidation phase of sideways movement was broken on the upside with the *stock hitting a new yearly high at Rs.121.75 with good volumes*. With the positive P/V action, the *stock is on the threshold of a new bull run* (with minor corrections). *The stock is getting accumulated and moving into strong, knowledgeable hands* and the price *should touch Rs.140 in the near term*. The medium term prospect and re-rating of share will depend on future developments in the company/industry. The share is ready for a take-off and is *still available at an attractive price and can be bought for good appreciation in both short to medium term.*

By Sh G R Chari