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Price and trend forecast of LEMONTREE for Tomorrow, Weekly, Monthly

Lemon Tree Hotels Limited

Symbol: NSE:LEMONTREE

ISIN: INE970X01018

143.30

As on 2024-05-27

89.90 (52W Low) 158.00 (52W High)

LEMONTREE's Today's Performance

Lemon Tree Hotels Limited started the day by opening at 145.40 today 2024-05-27. Its shares reached a high of 146.25 and dipped to a low of 143.00 in intraday. When the markets closed, LEMONTREE’s stock price settled at ₹143.30 per share. Also check out its key support and resistance levels.

LEMONTREE Buy/Sell Targets

Tomorrow, sell LEMONTREE when its price reaches ₹ 143.30 with a stop-loss order at ₹ 145.42. You can set the target price as ₹ 141.18 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of LEMONTREE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for LEMONTREE

Downside Targets Value in ₹
Tomorrow Down Target 1 145
Tomorrow Down Target 2 147
Tomorrow Down Target 3 149

Important Levels for LEMONTREE

Holding Levels Value in ₹
Tomorrow Up Target 1 142
Tomorrow Up Target 2 141
Tomorrow Up Target 3 139
Based on where the stock opens tomorrow, if LEMONTREE opens on a positive note, our first target will be ₹145. If Target 1 is achieved, we will aim for Target 2 which is ₹147.

But if LEMONTREE falls below the average value of ₹144.18, you can enter a sell side position with target number 1 - ₹142 and second target - ₹141 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of LEMONTREE

Looking at LEMONTREE, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, LEMONTREE has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for LEMONTREE is moderate bullish.

Tomorrow's Volume based share price Forecast for LEMONTREE

LEMONTREE's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -35%.

Reversal detection for LEMONTREE

Predicted trend chart of LEMONTREE tomorrow for price forecast
LEMONTREE may trend may continue to be bearish since stock is making lower low and we can get target of ₹146 in morning tomorrow
Target 1 tomorrow145
Target 2 tomorrow146
Target 3 tomorrow147
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with LEMONTREE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if LEMONTREE opens on a positive note, our first target will be ₹145.37. If Target 1 is achieved, we will aim for Target 2 which is ₹147.43.

But if LEMONTREE falls below the average value of ₹144.18, you can enter a sell side position with target number 1 - ₹142.12 and second target - ₹140.93

LEMONTREE's Weekly Targets
1st Up Target 145.37
2nd Up Target 147.43
1st Down Target 142.12
2nd Down Target 140.93

As the week for LEMONTREE ended on bearish sentiments, we can expect further continuation of this sentiment. LEMONTREE's initial target will be 145.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 142.12 in the upcoming week.

Weekly OHLC Values
Open 145.40
High 146.25
Low 143.00
Close 143.30

Week for LEMONTREE started with an open price of 145.40, and the close was at 143.30. LEMONTREE reached the highest of 146.25 and dipped lowest up to 143.00 last week. This indicates a bearish sentiment for the week.

LEMONTREE full month swing targets
Monthly Up Target 1 148.62
Monthly Up Target 2 150.68
Monthly Down Target 1 138.87
Monthly Down Target 2 134.43

Targets of ₹148.62 can be expected to be reached in the coming month. Once LEMONTREE achieved this target, we can aim for the next upside target of ₹150.68.

LEMONTREE if fails to hold upside, down targets of ₹138.87 and ₹134.43 can be achieved by end of this month.

For complete three weeks if LEMONTREE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

LEMONTREE is expected to reach the target of 145.37 in tomorrow's trading session.

After achieving the initial target in LEMONTREE, we will aim for higher targets of 147.43 tomorrow.

However, if LEMONTREE starts to trade below ₹144.18, then we will shift our focus to the sell side and aim for down targets of 142.12 and 140.93.