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Rugminik
Jan 9, 2024 10:04 AM

LEMONTREE Poised for a Breakout. Long

LEMON TREE HOTELSNSE

Description

Stock is trading out of a consolidation Breakout, one can enter at 130 and look for swing targets at 135, 145, short term at 165.

Swing target of 10-15%, short term target of 25-30%.

Comment

Target 1 done at 135, heading towards target 2.

Comment

Time to watch this for 160 levels sooner.

Comment

The results doesn't seem to look good, may come in for a dip, hence prefer to close the trade.

Comment

The stock has now reversed , taken a weekly support at 126 levels, price confirmation, now poised to move to further supply levels of 155.
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