LEMONTREE trade ideas
LEMON Tree 250% Potential From Here ( NSE Stock )#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:- ₹58/₹44
Resistance:- ₹88
I am expecting ₹150 Target for Mid term Hold.
Lemon Tree setting up very well for a good move#LEMONTREE weekly charts. Similar setup to what I discussed in #TTKHEALTH on #YouTube
- 2.5-year downtrend breakout in May'21 with volumes
- Inverted HnS breakout in Oct'21 with volumes
- Base on-base setup
- CCI>100 & excellent RS on weekly
- Stop 45
#stockideas #trendlines
LEMONTREENSE:LEMONTREE
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such action
LEMONTREENSE:LEMONTREE
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Lemon Tree Breakout-Retest TradeThe stock has broken out with good volume and retested, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone, 200 EMA & the upper trendline. The target is placed near swing high.
LEMONTREE - price action analysisNSE: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.