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

Lemon Tree Hotels Limited

Symbol: NSE:LEMONTREE

ISIN: INE970X01018

134.80

As on 2024-04-19

79.15 (52W Low) 147.25 (52W High)

LEMONTREE's Today's Performance

Lemon Tree Hotels Limited started the day by opening at 133.20 today 2024-04-19. Its shares reached a high of 136.05 and dipped to a low of 132.25 in intraday. When the markets closed, LEMONTREE’s stock price settled at ₹134.80 per share. Also check out its key support and resistance levels.

LEMONTREE Buy/Sell Targets

Tomorrow, buy LEMONTREE when its price reaches ₹ 134.80 with a stop-loss order at ₹ 132.83. You can set the target price as ₹ 136.78 to capture potential gains. This buy 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 1 136
Tomorrow Down Target 2 138
Tomorrow Down Target 3 140

Important Levels for LEMONTREE

Holding Levels Value in ₹
Tomorrow Up Target 1 133
Tomorrow Up Target 2 131
Tomorrow Up Target 3 129
Based on where the stock opens tomorrow, if LEMONTREE opens on a positive note, our first target will be ₹136. If Target 1 is achieved, we will aim for Target 2 which is ₹138.

But if LEMONTREE falls below the average value of ₹134.37, you can enter a sell side position with target number 1 - ₹133 and second target - ₹131 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for LEMONTREE

LEMONTREE's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish 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 bullish since stock is making higher highs and we can get target of ₹136 in morning tomorrow
Target 1 tomorrow136
Target 2 tomorrow137
Target 3 tomorrow138
 

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 ₹136.48. If Target 1 is achieved, we will aim for Target 2 which is ₹138.17.

But if LEMONTREE falls below the average value of ₹134.37, you can enter a sell side position with target number 1 - ₹132.68 and second target - ₹130.57

LEMONTREE's Weekly Targets
1st Up Target 139.12
2nd Up Target 143.43
1st Down Target 131.37
2nd Down Target 127.93

As the week for LEMONTREE ended on bearish sentiments, we can expect further continuation of this sentiment. LEMONTREE's initial target will be 139.12 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 131.37 in the upcoming week.

Weekly OHLC Values
Open 135.50
High 140.00
Low 132.25
Close 134.80

Week for LEMONTREE started with an open price of 135.50, and the close was at 134.80. LEMONTREE reached the highest of 140.00 and dipped lowest up to 132.25 last week. This indicates a bearish sentiment for the week.

LEMONTREE full month swing targets
Monthly Up Target 1 146.87
Monthly Up Target 2 151.18
Monthly Down Target 1 123.62
Monthly Down Target 2 112.43

Targets of ₹146.87 can be expected to be reached in the coming month. Once LEMONTREE achieved this target, we can aim for the next upside target of ₹151.18.

LEMONTREE if fails to hold upside, down targets of ₹123.62 and ₹112.43 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 136.48 in tomorrow's trading session.

After achieving the initial target in LEMONTREE, we will aim for higher targets of 138.17 tomorrow.

However, if LEMONTREE starts to trade below ₹134.37, then we will shift our focus to the sell side and aim for down targets of 132.68 and 130.57.