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
