Lemontree is a play on the hotel sector. In q1 fy 23, it reported a profitable quarter at net level after many quarters of losses. Its stock price today crossed its perennial resistance of 70-72 and closed above that level, in the process posting a fresh 3 year high. Note the cup and handle breakout above 60 first, with handle formation between Nov 21 and March 22 and subsequent tight consolidation between the range of 60-72 for nearly 5 months and then this breakout today. Previous all time high is around 90.
disc: trading positions since a long time, and has been a frustrating wait.
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