Turning Bullish: Lemon Tree Hotels
Lemon Tree reached 158 levels in the last week of April 2024.
Then, it was trading in a tight range in a BOX PATTERN between 144 – 155 range for nearly three months.
However, the support level 144 was broken and experienced heavy selling and fell badly.
Important support levels like 134, 127 were broken.
The stock took the next support at 113 level.
The support was tested successfully twice and recovered gradually.
The stock has turned bullish and trading at 125 levels.
Resistance levels: 127, 134, 144, 152, 158
Support levels: 113, 101
Verdict:
Volume buildup in the recent sessions, confirming the bullish trend.
However, we can confirm the bullishness only when 20 EMA (Black line) trend above 50 EMA (Orange line). Similarly, 50 EMA (Orange line ) has to trade above 100 EMA (Skyblue line).
Then, it was trading in a tight range in a BOX PATTERN between 144 – 155 range for nearly three months.
However, the support level 144 was broken and experienced heavy selling and fell badly.
Important support levels like 134, 127 were broken.
The stock took the next support at 113 level.
The support was tested successfully twice and recovered gradually.
The stock has turned bullish and trading at 125 levels.
Resistance levels: 127, 134, 144, 152, 158
Support levels: 113, 101
Verdict:
Volume buildup in the recent sessions, confirming the bullish trend.
However, we can confirm the bullishness only when 20 EMA (Black line) trend above 50 EMA (Orange line). Similarly, 50 EMA (Orange line ) has to trade above 100 EMA (Skyblue line).
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。