Ease My trip Breakout triangle Pattern.
1). Already give a good breakout but targets are high for -med-long term.
2). Retest around 547 to 559.
3). Its Dec time where people celebrate Christmas / New year and many Indian ideology shows travelling graph is high during DEC.
So this surely affects fundamentals of company like PE ratio / revenue and other metrics in long term.
probably this is reflected in q3/q4 results of Company.
Impact factors :
This is bit riskier due to new corona variant Omicron. As it can affect Hotels / Flight Business of Easemytrip.
Competitors like makemytrip / yatra etc.
Targets are based on pivot levels / Fibonacci / demand and supply zones
you can study as per above method why these targets where chosen also nothing in stocks is perfect so tolerance = (=-5-10Rs)
Same goes for Stop Loss
Targets : 592 / 615 / 658 / 720
SL: 530 / 505 / 483 / 460 (as per one risk appetite)
Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk
2). Retest around 547 to 559.
3). Its Dec time where people celebrate Christmas / New year and many Indian ideology shows travelling graph is high during DEC.
So this surely affects fundamentals of company like PE ratio / revenue and other metrics in long term.
probably this is reflected in q3/q4 results of Company.
Impact factors :
This is bit riskier due to new corona variant Omicron. As it can affect Hotels / Flight Business of Easemytrip.
Competitors like makemytrip / yatra etc.
Targets are based on pivot levels / Fibonacci / demand and supply zones
you can study as per above method why these targets where chosen also nothing in stocks is perfect so tolerance = (=-5-10Rs)
Same goes for Stop Loss
Targets : 592 / 615 / 658 / 720
SL: 530 / 505 / 483 / 460 (as per one risk appetite)
Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk
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