Lemon Tree Hotels Ltd. shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has also broken the resistance at 80.63 of a rectangle pattern, which signals a further rise.
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The stock
has support at rupee 73.00 and resistance at
rupee 100. Volume tops and volume bottoms
correspond well with tops and bottoms in the
price. Volume balance is also positive, which
strengthens the trend. The stock is overall
assessed as technically positive for the
medium long term.
