- EMT has been one of our star investments right from its IPO in March 2021.
- After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now
- Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from...
📊 Script: EASEMYTRIP
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 54.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 46
🟢 Target 🎯🏆 - 51
⚠️ Stoploss ☠️🚫 - 43
⚠️ Important:...
Easemytrip's bullish breakout suggests potential price growth. Favorable market sentiment and increased demand may drive the stock higher, presenting an opportunity for investors to benefit from the positive momentum.
Greetings Folks,
today i have prepared a setup of EASEMYT on NSE
the analysis is as follows
- price is in a minor range , can breakout above
- nothing much to address more
dont play with fire, always use a predefined stoploss
Easemytrip is a debt free company with strong fundamentals. with upcoming world cup in india and G20 , Tourism is going to have good response.
Also offices are opening and corporate tours are also starting as pre covid level.
This stocks is best if one wants to play in hospitality and tourism sector.
Stock can give good move above trendline i.e. strong buy...
In the Latest, ease my Trip has been seen taking support around 40 levels twice in the past few months.
First in the month of March 2023, and second in July 2023.
Now, if it sustains above 40 levels, it is most likely to move towards 55 levels in the coming months.
Immediate weekly resistance is around 48 levels.
Currently price is moving below 200 DMA after death cross and head & shoulder pattern formation.
Everything is good about the fundamentals except valuation.
Around 6% of the promoter's holdings were disposed ahead of General Sales Agreement with Spicejet Airlines.
Looks like a 35% dump is on its way to achieve the target of H&S pattern around 28 odd...
Price making HH - HL. High momentum. Entry on close above 50 with SL of 44. This setup is for educational purpose and is not a trading advice. Please consult your financial advisor before taking any positions.
There is a Big Bull Candle formation of the hourly chart, followed by consolidation in the upper half range of the candle.
Daily weekly , monthly charts all looks positive.
Hence, if it sustains 396-398 , in the short term it can move towards 413, 423-425 levels in no time.
Type of trade : Swing
ease my trip hold that range and flag pattern when that clear his hurdle and break this range above that price range is 440 and 450 if any weekly candle close above that price than that share reached his life time high and go more upper price like 520/560/600 but with strict sl of 400 because market sentiment is not good and last 2 times that share get reversal...
Stock price above the 50-day moving average is usually considered bullish. Stock price below the 50-day moving average is usually considered bearish. If the price meets the 50 day SMA as support and bounces upwards, consider a long entry.
🛑 easemytrip forming bullish pennant pattern
◽ Pattern represents that
After a strong upmove weak hands and short term Bulls were exiting from thier position
◽If green trend line breakout with huge volume then we can see it journey towards 700
◽ Fundamentaly strong stock
◽ good stock for long term vision
➡️ If it breakout 626 level...
easemytrip is looking like breaking range to an upside as we can see a strong purchase from weak levels recently. so buying would be a smart deal for 30% short term gains.
Easy Trip Planners currently is in correction mode, after seeing a remarkable rally from 161 levels to 454 levels, that's a whopping gain of approx 180% in a very short span of 2months.
Now the question is where the stock could take support ?
Daily Chart suggests support around 360 levels, and there is also a harmonic pattern formation, which also suggests...
