In a weekly chart there is a strong resistance breakout in lemontree. There is high chance price can go till 90(1st target) and next target will be 110. Stop loss below 55. All time high volume came at resistance breakout and price is testing 66 level. It is purely technical call please do your own analysis before investment.
Buy Lemon Tree Hotels for Positional Trading as well as Investment.💸🔥💸
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The company has planned projects which will increase the number of hotels by 22 and the number of beds by 2,200. The projects are expected to complete by 2022 which will bring the company's network to 100+ hotels and 10,000+ beds in operations.
lemon tree hotels
Classing pattern of Support acting as resistance.
Looks like will break resistance this coming week.
Daily candles show and opportunity to take long entry till levels of 60.
clear uptrend once we break the resistance zone of 65-66 levels.
LEMON Tree started consolidation move, trapped in Ascending Triangle pattern since late 2020. This consolidation broke out in Late September. Coincidentally I also found out that the stock is also following a Parallel Channel Consolidation, as visible from chart. The stock is now consolidating near upper band of this Channel. A probable breakout from this point,...
The Chart is self explanatory. The breakout is visible clearly with Volume Support.
*** This is just for Educational purposes. I am a learner too. I am not SEBI Registered. Kindly do your own analysis before taking trade.***
Hotel industry started showing moves these days, a good positional trade can be initiated in lemon tree hotels as it broke a good levels with great volumes , with a entry at 50 taking stop loss at 46 and aiming a first target of 56 rupees
Lemon Tree Hotels was in a downtrend respecting trendline resistance. Now the price has broken out of the 2-year long trendline resistance and soon after failed to sustain. Now the price is at a retest of the trendline resistance breakout. We will now wait for the price to show strength and take positions
Every up move is with good volumes (June 2020, Novembar...
lemontree hotels positional setup self explanatory. i will daily post intraday/swing and positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.