Stock name: Lemon Tree Hotels Ltd.
Pattern: Double bottom pattern
Time frame: Daily
Observation:
In our blog dated December 10, 2024 (link for reference), we noted the stock forming a double bottom pattern on its daily chart. Following a breakout on December 6, 2024, the stock rallied upward, reaching a new all-time high on January 2, 2025. Since then, the stock has retraced, cooling off and falling back to the breakout level.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
Stock name: Maruti Suzuki India Ltd.
Pattern: Flag and pole pattern
Time frame: Daily
Observation:
Since November 2024, the stock has been consolidating. In early January 2025, it experienced a sharp upward movement, followed by renewed consolidation starting January 3, 2025, forming a flag and pole pattern on the daily chart. In recent sessions, the stock regained upward momentum and broke out of the pattern. According to technical analysis, if the stock sustains this momentum, it may witness further gains. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
