LEMONTREE Poised for a Breakout.Stock is trading out of a consolidation Breakout, one can enter at 130 and look for swing targets at 135, 145, short term at 165.
Swing target of 10-15%, short term target of 25-30%.
Lemontreehotels
Lemon tree hotels Go long above 100.45 and Short below 82.85This is a 30 mins time frame analysis on lemon tree hotels with mid term view. Stock is currently in uptrend and likely to continue for near future.
Execute long position above 100.45 to 101.40 levels with 5 mins candle confirmation for target of 109.85 , maintaining a stop loss of 93.50.
Further execution of long position will depend upon how well 112.40 and 117.30 are breached and sustained, this range needs to be in consolidation phase to go further long above 121.90 which will be major outbreak point for larger targets 129.15/136.50/140.90
At 71.35 to 73.55 one can use as an opportunity to go long for rebound target of 82.85 and 87.80.
Lemon Tree Hotels BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
LEMONTREE Bullish Trend AnalysisLEMONTREE
1. inverted head and shoulder breakout done.
2. expect retest 55 above confirmation entry expect target level
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.
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
like & Follow :)
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
