Lemon Tree Hotels in Focus as Recovery Tests Bearish Trend

Lemon Tree Hotels is in focus on 23 September 2026 after opening its first Nashik hotel. Stock technicals show ₹99.60 support and ₹111 resistance. Lemon Tree Hotels

will remain in focus today, 23 September 2026, after the company announced the opening of Keys Prima by Lemon Tree Hotels in Nashik. The property marks the Group’s first hotel in the city and expands its footprint in Maharashtra. The hotel will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, adding another property to the company’s growing portfolio. From a technical perspective, ₹99.60 is an important support level to watch. Sustaining above this zone could help maintain the recent recovery momentum. On the upside, ₹111 remains a key resistance level. The broader trend continues to appear bearish, although the stock has shown some recovery over the past five trading sessions. Traders may therefore watch the ₹99.60–₹111 range closely for signs of either renewed weakness or stronger recovery momentum. Technical levels are for market observation and should not be considered investment advice. Disclosure: I do not hold any position or have any financial interest in the mentioned stock.