Breakout and retest.
Good volume too.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
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%.
NSE: LEMONTREE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
This is a 30 mins time frame analysis on lemon tree hotels with mid term view. Stock is currently in uptrend and likely to continue for near future.
Execute long position above 100.45 to 101.40 levels with 5 mins candle confirmation for target of 109.85 , maintaining a stop loss of 93.50.
Further execution of long position will depend upon how well 112.40 and...
📊 Script: LEMONTREE ( LEMON TREE HOTELS LIMITED)
📊 Nifty50 Stock: NO
📊 Sector: Consumer Services, Hotels & Resorts
📈 LEMONTREE today's closing candle was giving breakout of BB upper band.
📈 It is also giving symmetric triangle breakout .
📈 MACD line bounce back from taking support near signal line.
📈 Right now RSI is around 65.
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 -...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
#LEMON/INR TA Update:-
#NSE_India
₹LEMON Tree Currently trading at ₹66
Inverted Head & Shoulder Pattern already broke out Neck Line Resistance.
I am expecting Big Upward move in Mid Term.
Best Entries:-
Entry 1:- ₹59-65
Entry 2:- ₹45-50
Targets:-
TP1:- ₹88
TP2:- ₹155
TP3:- ₹300
TP4:- 500
Stop Loss:- ₹42
Tight Stop Loss ₹36
Support:-...
Very strong stock.
Strength is good.
Previous swing high break out with volume.
Out parforme banchmark index and sectorel index.
All technical indicators are positive.
