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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 has broken out of a Symmetrical Triangle pattern during the penultimate week.“Last week it consolidated in the range and thereafter is resuming its upmove. The consolidation was six weeks long and hence a solid base is in place for the next leg of upmove,” said Jatin Gedia, Technical Research Analyst at Sharekhan.Additionally, the momentum indicator has a positive crossover which typically indicates a buy signal.“On the upside, we expect the stock to target levels of Rs 815 – 882 which are Fibonacci extension levels. One should keep a stop loss of Rs 746 for the long positions,” Gedia suggested.The company also posted a strong management commentary, unveiling 'Accelerate 2030,' focusing on expanding its brandscape, scaling new businesses like Ginger & Qmin, and strengthening its legacy of service excellence while driving industry-leading margins and returns.Also read: Adani Group stocks extend losses, drop up to 11% after Kenya cancels deals following US charges“Indian Hotels has been consistently outperforming in the current market environment, with indicators showing no signs of an uptrend exhaustion,” said Vaishali Parekh, VP-Technical Research at PL Capital - Prabhudas Lilladher while emphasizing her conviction on the stock.“We maintain a positive outlook, projecting the next target range at Rs 800-820, with now an elevated support at Rs 740,” she added.The shares of Indian Hotels were trading flat at Rs 788.10 on the BSE around 11 am today.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)