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...
LEMONTREE 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:...
Nice expanding flat is visible in this particular stock, also has regular flat for entry purpose, keep it till it breaks the mentioned level it will reverse from that point to make down swing to complete pending structure.
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...
- 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
Stock is moving in higher high pattern maintaining supportive Trendline and ready to give further BO with good volume buildup. Follow chart for proper support and resistance levels.
Chart -> Lemon Tree Daily
Downtrend wedge breakout with good volumes.
CMP: 83
Good range: 78 to 82
Targets: 89 and 96
SL: 76.50 daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
One can take long position after it break out the 80 price level on upside. For the target of 90-100 for 15% profit.
Bear can take short position after it break out the 65 price level i.e., the below red line.
200 ema retest.
based on bullish candle on 12 Jan we can place a trade for 10%-11% return in a week.
or target may be 50 ema nearby.
have good trade guys😉.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
The stock has come out of one month's consolidation ( shown within light green colour channel)
with good volume.
After retesting horizontal resistance line ( black one ) 3-4 times
it has give a good break out today.
The stock has been moving within the orange channel since August 2022.
It can retest 96 before moving upto 108-110.
SL 87 DCB
