Triangle 🔺️ pattern Breakout. ■On a Daily Time Frame, Lemon tree Hotel has given a Breakout.
□To Initiate a Trade,
○SL can be maintained below the low of Breakout candle.
○Targets are on the chart
(Used Trend Based Fibonacci Extension Tool to determine targets)
○ Risk Reward ratio is 1:2 From current market price.
LEMONTREE trade ideas
LEMON TREE IS READY?DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
Swing Trade hold 2-3 days Book 10%Resistance Breakout in Lemon Tree hotel
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 87.45
Target Price 96
Note:- I am not SEBI Registered This Trade is only educational Purpose
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.
LEMONTREE - Long Setup, Move is ON..NSE:LEMONTREE
✅ #LEMONTREE trading above Resistance of 96
✅ Next Resistance is at 122
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Descending Triangle BO- After a prolonged Uptrend the stock went into a correction phase with low Volume.
- Took support at Fibo 62%
- formed a descending triangle at the support zone
- BO given with increased volume
- Trading above All major EMAs
- Bullish RSI (Daily)
Tip :- Hotel Stocks are looking good