Lemon Tree is one of the largest hotel chain in India. Stock is moving through an upward parallel channel for the last two years. Even though profit margins are improving qoq ,promoter holding is very low with a high debt. Slow movement of the stock is due to this debt. Now stock is near it's 52 week high and also a cup and handle formation . Can expect a 25-35% movement .
Lemon Tree Monthly Chart
Given Monthly Breakout in Aug 23
Can come down to retest @ 103 lvls
Entry range 93- 103
Sl 80 Weekly closing basis
TGT 125 for short term
150 for Long term (6 months - 1years)
Do your analysis before investing
Sharing Chart for Learning purpose
NSE:LEMONTREE
✅ #LEMONTREE trading above Resistance of 122
✅ Next Resistance is at 150
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....
■On a Daily Time Frame, Lemon tree Hotel has given a Breakout.
□To Initiate a Trade,
○SL can be maintained below the low of Breakout candle.
○Targets are on the chart
(Used Trend Based Fibonacci Extension Tool to determine targets)
○ Risk Reward ratio is 1:2 From current market price.
DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
BUY - LEMON TREE HOTELS
CMP - Rs. 93
Target - 1: Rs. 115
Target - 2: Rs. 135
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Technicals - Bullish Symmetrical Triangle
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This is just a view by an expert analyst, please invest at your own risk.
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📈 🚀Unleashing the Bull: Lemon Tree Hotels #lemontree breaks free after a period of consolidation, charging towards new heights!
Note: Charts are for educational purpose only
LEMONTREE
Entry Above 103.40
Sl 92.5 ( W.C.B)
Tgt 120-125
Disclaimer : I'm not a Sebi Registered Advisor and this is only for Educational Purposes.I'm not responsible for any kind of Profit or Loss you make.
98 is high resistance level cup and handle building done but waiting for 98-100 above and may go 160-175 high level
focus on tourism
now Indian festive season started so foreigner may visit for join Indian celebration.
