Lemon Tree cmp 145.15 by Daily Chart viewLemon Tree cmp 145.15 by Daily Chart view
- Price attempting to sustain above Falling Resistance Trendline
- Resistance Zone 143.50 to 145.50 might become the Support Zone
- Bullish Rounding Bottom with the neckline over the above Price Band
- Volumes are seen spiking above the avg traded quantity in past few days
- Daily basis Support at 138 > 127 > 117 with the Resistance at 151 > ATH 158
Lemon
LEMONTREE for 15% (approx..) GainLEMONTREE 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.