lemon tree stock

Chart Analysis (Daily Timeframe)

Current Price: ₹166.34 (up +6.92% today with strong volume ~15.5M).

Resistance Zones:

Around ₹157–160 → previously a strong resistance, now broken convincingly.

Next major resistance around ₹170–175 → stock is testing this zone now.

Support Zones:

Immediate support: ₹157.92 (recent breakout level).

Stronger support: ₹141.74 (old base).

Trend: The stock has been in a long consolidation (sideways) for almost a year and just gave a breakout with volume → this is usually a bullish sign.

🟢 Positives

Fresh breakout after long consolidation (a strong bullish pattern).

Volume is very high on the breakout → confirms buying interest.

Structure suggests possibility of a new uptrend if ₹157+ is sustained.

🔴 Risks

Price is near resistance zone (₹170–175). A pullback is possible.

If it falls back below ₹157 with volume, breakout may fail.

✅ Conclusion (Simple)

Good for buying if looking for swing/medium-term.

Ideal entry: On dips near ₹157–160 (with stop-loss below ₹141).

Upside targets: ₹180 → ₹200+ possible in coming months if momentum continues.

Stop-loss: ₹141 (below support).

👉 In short: Stock looks bullish after a long consolidation, but better to buy on dips near ₹157–160 rather than chasing at ₹166-170.

There is no any Buy/Sell recommendation, only for learning purpose as stock market is very risky