"LEMONTREE Approaching Key Resistance: Breakout or Reversal?"
Updated
"🛎 LEMONTREE is trading near a major resistance zone of ₹159-160. This level has acted as a barrier in the past, but the recent uptrend and strong volumes signal potential bullish momentum.
📈 Technical Highlights:
Resistance: ₹160 (critical breakout level).
Targets: ₹170 | ₹180 | 200 (on successful breakout).
Stop-Loss: ₹145-₹150 (below recent consolidation).
🔍 Watchlist Points:
A strong breakout above ₹160 with increased volume could propel the stock toward ₹170-₹200.
Failure to break ₹160 might result in a retest of ₹145-152.
💡 Strategy:
Aggressive traders can enter on a breakout above ₹160.
Conservative traders may wait for a retest of the breakout level before entering.
#SwingTrading #LEMONTREE #BreakoutTrade #StockMarket #TechnicalAnalysis
📈 Technical Highlights:
Resistance: ₹160 (critical breakout level).
Targets: ₹170 | ₹180 | 200 (on successful breakout).
Stop-Loss: ₹145-₹150 (below recent consolidation).
🔍 Watchlist Points:
A strong breakout above ₹160 with increased volume could propel the stock toward ₹170-₹200.
Failure to break ₹160 might result in a retest of ₹145-152.
💡 Strategy:
Aggressive traders can enter on a breakout above ₹160.
Conservative traders may wait for a retest of the breakout level before entering.
#SwingTrading #LEMONTREE #BreakoutTrade #StockMarket #TechnicalAnalysis
Trade closed: stop reached
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.