The old ATH of 90.9 made in 2018 was conclusively broken for the first time on 4th October 2022. Since then the daily pricing hasn't seen a lower closing. The new ATH is preceded by a classic Cup and Handle Pattern that saw corrections in price and drop in volume as per standard norms. An ATH so achieved after many years, preceded by a bullish cup and handle pattern, with price above 10 Weekly MA, is likely to make newer highs. Vadera vedera leva nu leva nu, ghatera ghatera becha nu becha nu; so repeated someone famous until recently.
One may further corroborate this by looking at other leading hotel stocks and it will be discovered that some have either recently broken trendline or are trading just below months old resistance level. Also holiday season is just a couple of months away.
Lemon tree in good probability will give a short term gain of 10% from here.
One may further corroborate this by looking at other leading hotel stocks and it will be discovered that some have either recently broken trendline or are trading just below months old resistance level. Also holiday season is just a couple of months away.
Lemon tree in good probability will give a short term gain of 10% from here.
Comment:
I will exit if Daily close below 10 EMA