EASY TRIP PLANNERS LTD, Where lies the bottom?Further fall of 20% is expected, which will drive the price towards 27 level to complete wave Y.
Sometime it takes longer than usual to reach the target.
Do check the old trend analysis of Easy Trip Planners linked below.
This is not a buy or sell recommendation.
Do your own due diligence before taking any action.
Peace!!
Easemytriptrendanalysis
EASEMYTRIP towards 55 levelsIn 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.
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 !!