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
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...
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!!!...
The 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...
The stock has given an ATH breakout and closed above it. Buy above 91.6 level for positional targets of 95, 100, 105 and 110.
Position should only be taken on day closing basis.
Learn & earn,
Dr. Tanya Kumar
~LEMON TREE HAS ALREADY TOUCHED TO ATH RESISTANCE.
~ VOLUMES are getting lower.
~It is possible that it can again touch to trend line.
~The above information is given for the educational purpose only.
~Do your own analysis before investing.
~LEARN MORE - EARN MORE.
#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...
DON'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...
1) The stock is consolidating over 2 weeks .
2) Can go long once it breaks 88.50 .
3) Looks good for the positional target of 97.00
Note : Take entry only after the breakout
NSE:LEMONTREE
#NSE:LEMONTREE shared with you all when entering in to demand zone with proper markings on the chart.
Check out the T1 achievement, with a small retracement T2 can be expected.
The hotel sector is showing strength and some of the players are already breaking into ATH.
Lemon tree could soon follow..
Long above 74.50 and then once again above 79.50. The breakout above 79.50 would be the better breakout.
