PriceActionTrader1

LEMONTREE - price action analysis

Long
NSE:LEMONTREE   LEMON TREE HOTELS
LEMONTREE did a strong run up breaking the previous resistance level of 47.15. It faced a resistance at 57.55 and retraced 38.20%. Retracement move was losing volume and it started going up from past 3 days. Volume has started picking up. If it keeps up the momentum and breaks above 57.55 level, next resistance is at 63.75. It is also forming a Bat harmonic PRZ with PRZ level at 80.70.

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.