Strong Resistance breakout LemontreeIn a weekly chart there is a strong resistance breakout in lemontree. There is high chance price can go till 90(1st target) and next target will be 110. Stop loss below 55. All time high volume came at resistance breakout and price is testing 66 level. It is purely technical call please do your own analysis before investment.
LEMONTREE trade ideas
Lemon Tree Hotels ready for the uptrend!🤩💸🔥Buy Lemon Tree Hotels for Positional Trading as well as Investment.💸🔥💸
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💡Expansion Plans:
The company has planned projects which will increase the number of hotels by 22 and the number of beds by 2,200. The projects are expected to complete by 2022 which will bring the company's network to 100+ hotels and 10,000+ beds in operations.
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✔️ Technically & Fundamentally Strong💪💪
Good QoQ & YoY Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy Right, Sit Tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Lemon tree approaching breakout#lemontree
lemon tree hotels
Classing pattern of Support acting as resistance.
Looks like will break resistance this coming week.
Daily candles show and opportunity to take long entry till levels of 60.
clear uptrend once we break the resistance zone of 65-66 levels.
#vr
Lemon Tree Hotels IdeaSuggestion Reason:
1. Volume has increased in the last few days. So it should go for the 1.5-year breakout.
2. Increase in the number of people are going for vacations after covid and this will rise in the winter season.
3. 200 EMA Support
4. It can come for retest also if it fails to give breakout with good volume and will make an ascending triangle pattern.
Already marked important levels, zoom out to see details
Symmetrical Triangle in LEMONTREEChart -> LEMONTREE Weekly
As seen per chart, a symmetrical triangle breakout has been done with good volume buildups.
CMP: 60
Targets: 75 & 90
StopLoss: 45 on weekly close basis
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Target 1 (20%) achieved in Lemon Tree Hotels. Target 2 is ON...This is follow-up on Lemon Tree Hotels. Can check link to related ideas.
Target 1 achieved. More than 20%. Target 2 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.
small btst trade with RR ratio 1:1.5hospitality sector is not showing any bearish sign in this falling market so I found a good trade in hospitality sector.
a channel pattern breakout done.
there is a another hidden trendline (golden color) which will work as resistance so we can exit at that level or booked profit with 70% quantities & remain leave for up move .
market has taken a reversal upside for short term so we can take a trade with low risk.
Buy Today, Sell Tomorrow: LEMONTREEDON'T HAVE TIME TO MANAGE YOUR TRADES? | Channel Breakout in LEMONTREE
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using 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
Buy Today, Sell Tomorrow: LEMONTREE