LEMONTREE HOTELS 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
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Saanjayy KG
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 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.