"LEMONTREE Approaching Key Resistance: Breakout or Reversal?"

1 Oca

"🛎 LEMONTREE is trading near a major resistance zone of ₹159-160. This level has acted as a barrier in the past, but the recent uptrend and strong volumes signal potential bullish momentum.

📈 Technical Highlights:
Resistance: ₹160 (critical breakout level).
Targets: ₹170 | ₹180 | 200 (on successful breakout).
Stop-Loss: ₹145-₹150 (below recent consolidation).

🔍 Watchlist Points:
A strong breakout above ₹160 with increased volume could propel the stock toward ₹170-₹200.
Failure to break ₹160 might result in a retest of ₹145-152.

💡 Strategy:
Aggressive traders can enter on a breakout above ₹160.
Conservative traders may wait for a retest of the breakout level before entering.

#SwingTrading #LEMONTREE #BreakoutTrade #StockMarket #TechnicalAnalysis

8 Oca

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