As seen on the chart,
LEMONTREE
has formed a nice U-shaped Cup,
With regard to quarterly results,
Disc - invested, for educational purposes only
Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
- 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.
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.