Is Lemon Tree Hotels Ready for a Bullish Reversal?
About the Trend
Lemon Tree Hotels is showing signs of a recovery after a decline in recent weeks. The short-term trend remains downward, but the stock has successfully bounced from support near ₹145 and recovered sharply from the low of ₹147.50. This kind of price response near a strong support zone often signals early reversal behaviour.
As long as the stock stays above this support region, the probability of a bullish continuation remains high.
The technical structure suggests that buyers are gradually stepping back in. A sustained move above immediate resistance levels could trigger a trend reversal leading to meaningful upside in the coming weeks.
Key Levels to Watch
- Support Zone: ₹145
- Immediate Resistance: ₹172
- Medium-Term Resistance: ₹180 – ₹185
- Potential Target: ₹190
A move beyond ₹172 can further strengthen bullish sentiment and open the door toward higher price targets. Momentum indicators are also beginning to show early positive signals.
Suggested Trading Approach
Entry: Buy near ₹158 and accumulate on dips toward ₹150.
Stop-Loss: Keep at ₹136 initially.
Trailing Plan:
- Trail SL to ₹165 once price moves above ₹172
- Raise SL to ₹175 and subsequently ₹183 once price reaches ₹180 and ₹185
- Final exit zone: ₹190
This structured tracking method helps protect gains throughout the up-move while keeping downside under control.
Investor Takeaway
The price behaviour suggests early reversal signs, and the stock could enter a gradual upward trend if key resistance levels break. The range-based accumulation strategy with a trailing stop system improves risk management while capturing trend follow-through.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
