$LEMONTREE - Cup with handle BO
Updated
As seen on the chart, 
LEMONTREE has formed a nice U-shaped Cup,
There is a high probability that this pattern will be successful.
With regard to quarterly results,
Disc - invested, for educational purposes only
Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
LEMONTREE has formed a nice U-shaped Cup,- The stock was in an uptrend before forming Cup
- Took 38 weeks to form the complete pattern.
- 27 weeks for Cup with a correction of ~27%
- 11 weeks for Handle with a correction of ~10%
- Volume dried up during the initial part of the cup and handle.
- But was good when coming out of the cup and also at the BO of the handle.
There is a high probability that this pattern will be successful.
With regard to quarterly results,
- Total revenue was INR ~222 crores, which increased 16.8% year-on-year.
- The net EBITDA margin in Q1 stood at ~47%
- The PAT grew by 103% year-on-year from INR 13.6 crores to INR 27.5 crores.
Disc - invested, for educational purposes only
Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
Trade closed manually
Nifty has made a bearish move today. Moving into cash for now.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.