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LEMONTREE - price action analysis

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NSE:LEMONTREE   LEMON TREE HOTELS
LEMONTREE did a strong run up breaking the previous resistance level of 47.15. It faced a resistance at 57.55 and retraced 38.20%. Retracement move was losing volume and it started going up from past 3 days. Volume has started picking up. If it keeps up the momentum and breaks above 57.55 level, next resistance is at 63.75. It is also forming a Bat harmonic PRZ with PRZ level at 80.70.

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