The Setup: Classic Continuation Pattern
LEMONTREE is signaling a powerful move with a textbook Cup-and-Handle continuation pattern on the weekly chart. This pattern indicates that the existing strong uptrend is ready to resume after a period of healthy, necessary consolidation.
☕ The "Cup": A wide, rounded bottom formation (mid-2024 to early 2025) showing the gradual return of buying conviction.
🤝 The "Handle": A tight, small flag/base formed near the previous high (the ₹160-₹170 zone), suggesting final supply absorption.
✅ Breakout Confirmation: The price is breaking out of this handle to new highs on strong volume, confirming the pattern's validity.
Key Confirmation Signals
📈 Moving Averages: The stock is trading confidently above all major moving averages, stacked in a bullish order. The long-term trend is very healthy.
⭐ Relative Strength (RS): The Relative Strength indicator confirms that
LEMONTREE is a genuine market leader and is significantly outperforming the broader market.
📣 Volume Profile: Volume is quiet during the handle and increasing on the breakout, which is the perfect signature for a reliable move.
The Trade Plan
🎯 Entry Signal: Entry is confirmed on a decisive close above the handle (above ~₹170).
🛑 Stop Loss (Risk Management): Place a clear, objective stop loss just below the low of the handle formation, for example, around ₹155-₹160.
💰 Target Expectation: Given the strength of the setup and the hospitality sector tailwinds, the expectation is a sustained trend extension to new All-Time Highs.
LEMONTREE is signaling a powerful move with a textbook Cup-and-Handle continuation pattern on the weekly chart. This pattern indicates that the existing strong uptrend is ready to resume after a period of healthy, necessary consolidation.
☕ The "Cup": A wide, rounded bottom formation (mid-2024 to early 2025) showing the gradual return of buying conviction.
🤝 The "Handle": A tight, small flag/base formed near the previous high (the ₹160-₹170 zone), suggesting final supply absorption.
✅ Breakout Confirmation: The price is breaking out of this handle to new highs on strong volume, confirming the pattern's validity.
Key Confirmation Signals
📈 Moving Averages: The stock is trading confidently above all major moving averages, stacked in a bullish order. The long-term trend is very healthy.
⭐ Relative Strength (RS): The Relative Strength indicator confirms that
LEMONTREE is a genuine market leader and is significantly outperforming the broader market.📣 Volume Profile: Volume is quiet during the handle and increasing on the breakout, which is the perfect signature for a reliable move.
The Trade Plan
🎯 Entry Signal: Entry is confirmed on a decisive close above the handle (above ~₹170).
🛑 Stop Loss (Risk Management): Place a clear, objective stop loss just below the low of the handle formation, for example, around ₹155-₹160.
💰 Target Expectation: Given the strength of the setup and the hospitality sector tailwinds, the expectation is a sustained trend extension to new All-Time Highs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.