EASY TRIP DAILY LEVELS 31.07.2024 EASY TRIP stock breakout the trend line corssing fibanocci levels ,so we expect up movemnet in this script and will expect 45-47 next levels...Do your rearch before investing
Easytripplannersltd
EASY TRIP PLANNERS Upcoming LevelsHi, 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 risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research to take any trade. Thanks.
Breakout in Easy Trip Planners Ltd 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.
Bull trap or Buying opportunity? EASEMYTRIP Trend AnalysisCurrently 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 levels.
Any upside momentum will be a bull trap.
Will update targets after price comes to the buying zone highlighted in green.
Do your own due diligence before taking any action.
Peace !!
