LEMONTREE formed an ascending triangle pattern on daily chart. With multiple support and resistance tested. Price broke out of resistance today with strong volume. Also note the low volume during consolidation and when price goes down indicating sellers are not willing to sell at lower price. This forms a good support for long opportunity. Moreover, the momentum...
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
Entry above 138 safe can buy when closes above 151 small Stoploss 123 or as per your risk Management
Expect target 168 , 201, 237, 276 strong level then 316
Keep trailing stoploss when in profit as per your risk management .
Kindly do your due diligence before trading or investment
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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%.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
NSE:LEMONTREE (1D)
CMP 121.45
• Company is Expanding Business Aggressively
• Opening new Hotels at various Prime locations
• Lemon Tree Hotels launches its 100th property with the opening of Lemon Tree Premier, Malad , Mumbai
• Lemon Tree Hotels has opened a new hotel in Hisar, Haryana . This hotel features 49 well-appointed rooms, a restaurant, two bars,...
It's one of the stock which have been in a news main is in hotel business major part in RAJASTHAN AND JAIPUR where people go for destination wedding you can expect stock to move from consolidated breakout above 117.95 and expect target of 124.65 and 126
Nice Candlesticks and follow up of them.
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As seen on the chart, NSE:LEMONTREE has formed a nice U-shaped Cup,
The stock was in an uptrend before forming Cup
Took 38 weeks to form the complete pattern.
27 weeks for Cup with a correction of ~27%
11 weeks for Handle with a correction of ~10%
Volume dried up during the initial part of the cup and handle.
But was good when coming out of the cup...
*_Lemon Tree Hotels Ltd _*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Resistance @102. Crossed & Sustained. Then Good to Go!!!
Strong Vol. Consolidation & Continued BuiltUp.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Growing Revenue / Profits: Yearly Basis.
Continued Double Digits Stake of FIIs / DiIs.
1-2 Qtrs to be...
