LEMONTREE trade ideas
Target 2 achieved in Lemon Hotels. Gain of 36%. Target 3 is ON..This is follow-up on Lemon Tree Hotels. Can check link to related ideas.
Target 2 achieved. Gain of more than 36%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% 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
Resistance Breakout in LEMONTREE
Buy Today, Sell Tomorrow: LEMONTREE
Watchout for 4-year-old resistance BOThe stock is testing it's 4-year-old resistance and has given a bullish engulfing weekly candle. Buy above 71.45 level for further upmove. Possible targets are marked on the chart.
There is a possibility that it might retrace before breakout so just keep on radar for coming days.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Lemontree Ichimoku Bullish Breakout Stock Name - Lemontree. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP and can touch 77.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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Breakdown/Support zone for short term to long termThe zone 58 - 60 acted as resistance multiple times in the past.
Breakout of that level is achieved on 25th March with volume.
If price reaches the level, it is most likely to be a retest and has very good chance to act as support and bounce back is expected.
More over with COVID restrictions are removed.
This stock in hotel business, should fundamentally improve and perform well in coming period.
So IMO (In my opinion), this is good for a long term investment too
Stop loss/target levels are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.