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PriceActionTrader1
Oct 28, 2021 5:18 AM

LEMONTREE - price action analysis Long

LEMON TREE HOTELSNSE

Description

NSE: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.
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