Hi, After PM’s endorsement and the natural beauty of the islands, Lakshadweep is poised for a tourism boom. This could also benefit for NSE:EASEMYTRIP .
As per my analysis, best buy level to take positional entry is 46.50 with stop loss of 36.00 (-10.50 Points risk). Expected upside target would be 61 (+14.50), 76 (+29.50) & 86.50 (+40).
This is could be low...
Views on #EaseMyTripPlannersLtd -
Stock was in consolidation for long and has shown a breakout. It might retest the level of ₹45 and then show a rally.
It is the only profitable company in the online travel portal in India.
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...
