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Lemontreehotels

LEMONTREE consolidation; Asc Triangle & Parallel ChannelLEMON 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, supported with volumes may lead this stock to scale new highs after the fall of March 2020. Stay with this trade for a target of above 60. ** I am not SEBI Registered. Kindly consult your advisor before taking trade. **
NSE:LEMONTREELong
by ParyataK
Lemon Tree Hotels / Keep An Eagle Eye OnLemon 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 2020, May 2021) so now the price is near to resistance zone wait for volumes to come in for confirmation of the breakout. Price will face immediate resistance at 48 levels If the 48 level is taken out will strat scaling Keep this in your radar
NSE:LEMONTREELong
by supremechart
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