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
LEMONTREE trade ideas
Lemon Tree looks goodChart -> 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.
Lemon Tree Hotel Daily TFThe 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
LEMONTREE - Ichimoku Bullish Breakout Stock Name - Lemon Tree Hotels Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 97
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
LEMONTREE | Good RRR Swing Trade opportunity !!!Swing Trade opportunity to earn good RRR
CMP: ~ 69.15
SL: ~ 63.30
Target: ~88.95
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
ATH after 4 YearsThe old ATH of 90.9 made in 2018 was conclusively broken for the first time on 4th October 2022. Since then the daily pricing hasn't seen a lower closing. The new ATH is preceded by a classic Cup and Handle Pattern that saw corrections in price and drop in volume as per standard norms. An ATH so achieved after many years, preceded by a bullish cup and handle pattern, with price above 10 Weekly MA, is likely to make newer highs. Vadera vedera leva nu leva nu, ghatera ghatera becha nu becha nu; so repeated someone famous until recently.
One may further corroborate this by looking at other leading hotel stocks and it will be discovered that some have either recently broken trendline or are trading just below months old resistance level. Also holiday season is just a couple of months away.
Lemon tree in good probability will give a short term gain of 10% from here.
4 Years Multiyear Breakout at LEMONTREE4 Years #Multiyear #Breakout at #LEMONTREE (Lemon Tree Hotels Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 541233 / NSE : LEMONTREE
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Lemon Tree Hotels - Long Setup, Move is ON...#LEMONTREE gave an entry at 45.60 on breakout.
Has moved from 45.60 to 91.55 levels.
It is now trading above Resistance 4 of 89.
Next Resistance 5 is at 138.
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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.
Buy Today, Sell Tomorrow: LEMONTREEDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Rising Wedge Breakout in LEMONTREE
Buy Today, Sell Tomorrow: LEMONTREE