LEMON TREE HOTELS: Rebounding from Downtrend Line Support

9 Eki

✅ The stock has recently bounced off a multi-month downtrend support line, showing a potential reversal signal. This rebound from the support level around 115-120 suggests renewed buying interest at lower levels.

✅ The RSI is also recovering from oversold levels, currently around 43, indicating that momentum is building for a potential upward move. The next key resistance lies around 145-150. A breakout above this resistance zone, supported by increasing volume, could trigger a strong rally toward higher levels. Keep an eye on the price action near 130 for confirmation of strength.