LEMONTREE Bullish Trend AnalysisLEMONTREE
1. inverted head and shoulder breakout done.
2. expect retest 55 above confirmation entry expect target level
LEMONTREE trade ideas
Lemon Tree Breakout-Retest TradeThe stock has broken out with good volume and retested, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone, 200 EMA & the upper trendline. The target is placed near swing high.
LEMONTREE - price action analysisNSE:LEMONTREE did a strong run up breaking the previous resistance level of 47.15. It faced a resistance at 57.55 and retraced 38.20%. Retracement move was losing volume and it started going up from past 3 days. Volume has started picking up. If it keeps up the momentum and breaks above 57.55 level, next resistance is at 63.75. It is also forming a Bat harmonic PRZ with PRZ level at 80.70.
Lemon tree Hotels - Next Move?Lemon tree Hotels
Uptrend - target of 55 - 60 Levels in the next few days.
Alert: it have broken its All time high, only if it stays positive tomorrow continue to buy, else consider it a fake signal and support would be 46 Levels.
Happy Trading
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Lemon Tree Hotel - Read for breakout On daily charts, Lemon Tree Hotel is making an inverted H&S pattern. Volumes are increasing and once it gives breakout it could be a good by @ 49.
** This is only for educational purpose, do your analysis before investing in any stocks**
Go LongAscending triangle formation (bullish), hotels are opening up , vacation is coming . Demand for hotels will surge in near future. Offices are getting back on track .
Lemon tree hotels - BUY side trade - Momentum pickLooks good for Momentum trade
BUY at CMP
TGT and SL for this specific trade
Marked on chart
#TechNiftY
LEMONTREE broke out H&S pattern 1. Breaking out from H&S pattern
2. Crossed Fib ret level 0.23
3. have to wait for Falling wedge breakout in 15min TF at least
lemon treeThe company was incorporated as “P.M.G Hotels Private Limited” on June 2, 1992, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the RoC. Pursuant to a resolution of its shareholders dated December 13, 2002, the name of the company was changed to “Krizm Hotels Private Limited” and a fresh certificate of incorporation dated January 7, 2003 was issued by the RoC. Further, pursuant to a resolution of its shareholders dated June 2, 2010, the name of the company was changed to “Lemon Tree Hotels Private Limited” and a fresh certificate of incorporation consequent to change in name was issued by the RoC on June 10, 2010. On the conversion of the company to a public limited company pursuant to a resolution passed by its shareholders on September 29, 2012, its name was changed to “Lemon Tree Hotels Limited” and a fresh certificate of incorporation dated October 22, 2012 was issued by the RoC.
Lemon Tree Hotels Limited (LTH) is India’s largest hotel chain in the mid-priced hotel sector. It operates in the upscale segment and in the mid-priced sector, consisting of the upper-midscale, midscale and economy segments. It delivers differentiated yet superior service offerings, with a value-for-money proposition. LTH opened its first hotel with 49 rooms in May 2004 (including Keys hotels) across many cities under its various brands viz. Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite.
Lemon Tree Hotels, including Keys Hotels, are located across India, in metro regions, including the NCR, Bengaluru, Hyderabad, Mumbai, Kolkata and Chennai, as well as tier I and tier II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada. The company expanded internationally with the launch of the hotel in Dubai in December 2019 and Bhutan in February 2020. New hotels are also opening internationally in Nepal.
Business area of the company
Lemon Tree Hotels is engaged to carry out business of developing, owning, acquiring, operating, managing, renovating and promoting hotels, motels, resorts, restaurants, etc. under the brand name of Lemon Tree Hotel, Lemon Tree Premier, Red Fox Hotel, Aurika, Keys Select, Keys Prima and Keys Lite.
inverse head shoulder in lemon tree hotels can buy for swing trade if sustains above the breakout levels .
im a beginner just sharing my views .
Lemon Tree Hotel: Time to watch: IndiaBy Sun Storm Investment Research
A Profit & Solutions Strategy
Lemon Tree - LongLemon Tree CMP - 33.35
Looking bullish in higher time frame. One can go for short trade setup with the following entry, exit & targets
Buy range 32 - 33 / Stop Loss - 30.50
Target 1 - 36
Target 2 - 40
Target 3 - 45
Target 4 - 50
Disclaimer: This is my view and for educational purpose only.
