🏨 Lemon Tree Hotels Ltd – Weekly Chart Analysis

🔹 Price Action The stock has given a strong breakout with a +14.5% surge this week, moving above the ₹160 resistance zone. Price is now trading at ₹166.34, well above the breakout level of ₹159.80. Long-term trend remains upward, supported by the green rising trendline. 🔹 Key Levels Immediate Support: ₹159.80 (breakout retest level) Major Support: ₹142.70 (previous consolidation zone) Resistance Zone: ₹170 – 175 (next supply zone) 🔹 Indicators & Volume Action RSI: Currently at 65.68, approaching the overbought territory, but still below the key 70 mark. A bearish divergence is visible on RSI (price making higher highs, RSI making lower highs), which suggests caution. Volume: Significant spike in buying volume confirms breakout strength. 🔹 Outlook Sustaining above ₹160 confirms continuation of uptrend. If momentum persists, stock could head towards ₹175+. A fall back below ₹159.80 would be the first sign of weakness, with next support at ₹142.70. ✅ Trading View Bias: Bullish above ₹160 Short-Term Target: ₹175 Support to Watch: ₹159.80 📢 Disclaimer This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.