SthitaprajnaYogi

LEMONTREE for 15% (approx..) Gain

Long
SthitaprajnaYogi Updated   
NSE:LEMONTREE   LEMON TREE HOTELS
LEMONTREE HOTELS is showing symmetric triangle breakout and there is another reason to select that
now a days India is hosting "G-20" meetings and hotel's sector is most important for these.

CMP : 82
TG : 96
SL : Below 21 EMA
R/R : 3 times (Risk to Reward)

Stock's selection based on 5 Point Analysis :
1: Breakout.
2: Supported Volume, Delivery & VWAP.
3: 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: PE, PAT, Industry & peer PE and sector performance.
5: Entry Timing on 2 hour chart.

Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Trade active
Comment:
you can trail your profit from here.. or simply booked all
Trade closed: target reached
Trade closed: target reached:
The power of chart pattern

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.