EASEMYTRIP trade ideas
EASY TRIP PLANNERS NSE:EASEMYTRIP (1W)
CMP 38.50
• Retesting Previous Resistance now act as support
• can bounce from here as looks like support is Buying Zone
• can see 48 - 52 levels in Medium term
Sector : Hospitality
Industry : Travel services
Market Cap : 6,831.22 cr.
Category : Small Cap
PE : 46.77
Industry PE : 56.87
About Company
Easy Trip Planners is the second largest online travel agency in India in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.
Easy Trip Planners Limited offers a comprehensive range of travel-related products and services for end-to- end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well as ancillary value-added services such as travel insurance, visa processing and tickets for activities and attractions. The company has been providing customers with the option of no-convenience fee, such that customers are not required to pay any service fee in instances where there are no alternate discount or promotion coupon being availed. In its pricing model, it has endeavored to avoid hidden costs, which result in increasing the final price payable by the customer.
The company commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India, Subsequently, by leveraging its B2B2C channel, it commenced operations in the B2C (business to customer) distribution channel in 2011 by primarily focusing on the growing Indian middle class population's travel requirements. Consequently, due to its presence in the B2B2C and B2C channels, it was able to commence operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. Its presence in three distinct distribution channels provides it with a diversified customer base and wide distribution network.
Business area of the company
Easy Trip Planners is the second largest online travel agency in India in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services le travel insurance, visa processing, etc.
Easy Trip Planner breakout 🔥Hi everyone 👋
Easy trip planner is in profit from 60+ results it has potential to grow 🪴 more & more .
Now easy Trip chart 📉 shows a clear breakout 🔥 with heavy volume for the tgt - 48 -50-58 - 70 & 70+++ with Stop loss 38.
This analysis only for educational purposes 👍.
Do your own work before investing.
#EASEMYTRIP 44.70 Buy Recommendation - Rachit SethiaEASEMYTRIP 44.70
NSE:EASEMYTRIP
TARGET 58
SL 38
RR >2
TF <6 Months
Return ~30%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
EASYMYTRIP Seen Reversal 📈NSE: EASEMYTRIP is closing last weak with a bullish harami breakout candle supported with volumes. This weak volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. #stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
EASEMYTRIP, Funda + TechnoEasemytrip 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 above 44 and can go towards 50 and 60.
Volumes are building up slowly and after correction upside is open now.
Basic Swing Trading Strategy //@version=5
strategy("Swing Trading Strategy", overlay=true)
// Define parameters
fastLength = input(10, "Fast MA Length")
slowLength = input(20, "Slow MA Length")
stopLossPct = input(2, "Stop Loss Percentage")
takeProfitPct = input(3, "Take Profit Percentage")
// Calculate moving averages
fastMA = sma(close, fastLength)
slowMA = sma(close, slowLength)
// Entry conditions
enterLong = crossover(fastMA, slowMA)
enterShort = crossunder(fastMA, slowMA)
// Exit conditions
exitLong = crossunder(close, fastMA) or (strategy.position_size > 0 and close < (1 - stopLossPct/100) * strategy.position_avg_price) or (strategy.position_size > 0 and close > (1 + takeProfitPct/100) * strategy.position_avg_price)
exitShort = crossover(close, fastMA) or (strategy.position_size < 0 and close > (1 + stopLossPct/100) * strategy.position_avg_price) or (strategy.position_size < 0 and close < (1 - takeProfitPct/100) * strategy.position_avg_price)
// Execute trades
if enterLong
strategy.entry("Long", strategy.long)
if enterShort
strategy.entry("Short", strategy.short)
if exitLong
strategy.close("Long")
if exitShort
strategy.close("Short")
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 !!
Hold for long term (Ease My Trip)Ease my trip planners has a lean cost structure and its earning outlook is strong, along with robust balance sheet. In the last reported quarter, strong traction was seen in gross booking revenue, reflecting the industry trend.
It has internation presence in Dubai, UK, Singapore, Phillipines, Thailand and the US. it plans to replicate the low cost model in other geographies, where local comptetitors typically charge a high commision and hence the "no convenience fee" model of Easy Trip can be a game changer.
Disclaimer: I am personally holding my position since ipo listed.