“Lemon Tree Hotels – Range Breakout After 1.5 Years”

📊 Technical Breakdown 1️⃣ Range Context: Stock was consolidating between ₹125 – ₹160 for nearly 18 months. Such long consolidations usually lead to powerful moves when broken. 2️⃣ Breakout Action: Current price: ₹167. Broke above ₹160 resistance with strong volumes. This confirms a range breakout. 3️⃣ Targets & Levels: Support (Retest zone): ₹160. Upside Target (measured move): ~₹200 (≈ 25% potential). Medium-term support: ₹125 (previous range bottom). 🚀 Learning Takeaway Longer the consolidation, stronger the breakout. A range breakout with volume is a high-probability setup. First retest of breakout levels (₹160) is usually a good risk-reward entry zone.