EASEMYTRIP
E-Commerce Sector breakoutAmong E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
Double Digit Stock - EASEMYTRIP📊 Script: EASEMYTRIP
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 54.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 46
🟢 Target 🎯🏆 - 51
⚠️ Stoploss ☠️🚫 - 43
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Easemytrip-Can easily take you to a bull run trip!Easemytrip is one of the highest beneficiary of growing tourism in India.
The stock has phenomenal sales growth of 45% in past 3 years.
New age companies are risky investment stocks but this stock looks best among all.
Stock will fly once 52 is crossed WCB
I have used fibonacci retracements for targets.
EASEMYTRIP | Investment Pick📊 Details
The company offers a comprehensive range of travel - related products and services under the flagship brand ''Ease My Trip''.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
EASEMYTRIP EASY TRIP PLANNERS LTDEasy Trip Planners is an India-based online travel agency offering comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
EASEMYTRIP Daily looking bullishEASEMYTRIP looking bullish. It has trendline breakout with 200 ema support on daily candle.
************************************
This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
Ease My Trip : Symmetrical TriangleThe symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.
Four (4) Points: We know that we need at least 2 points to form a trend line and to form a symmetrical triangle we need 2 trend lines . Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high should be lower than the first and the upper line should slope down. The second low should be higher than the first and the lower line should slope up. Ideally, 5 points are enough to form a symmetrical triangle (2 on the upside trendline and 3 on the downside trendline)
Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant . Typically, the time duration is about 3 months.
Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume , especially on upside breakouts.
Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
TRADING STRATEGY: Buy on CMP and hold with SL of 50 (clbs) and look for the measured target zone of 70-72 zone.
Upside 10 %
Good Day ,
Hello Traders,
Ease My Trip is showing some strength as the triangle is getting squeezed n weekly basis , can give 10 % Upside. With 376 as strict Stop Loss on can enter and aim for the target of 430 and 440
Chart Self explanatory
Time Frame : Weekly
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
EASEMYTRIP: Strengthening to BreakoutEASEMYTRIP: Easy Trip Planners Ltd
In the chart:
PC-A1 = PC-A2 = PC-B1 = PC-B2
#WondersOfPC
At the time of breakout of PC-A1, candles consolidated in same PC's,
then went down and took support at Point P1, which is mid line of PC-A2
and with that Support it Broke out the consolidation.
Now, check the same for PC-B1 & PC B2
We had a good consolidation after the PC-A1 BO,
and recently broke down from PC-B1, took support at P2, midline of PC-B2
The chart build up is showing strength, one can add at CMP,
If overall market holds strong, we may see levels of ATH 475.
For swing trade,
CBSL will be of 389
Good pick for travelling and tourism industry exposure in the LT Portfolio
Ease My Trip : Symmetrical TriangleThe symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.
Four (4) Points: We know that we need at least 2 points to form a trend line and to form a symmetrical triangle we need 2 trend lines. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high should be lower than the first and the upper line should slope down. The second low should be higher than the first and the lower line should slope up. Ideally, 5 points are enough to form a symmetrical triangle (2 on the upside trendline and 3 on the downside trendline)
Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant . Typically, the time duration is about 3 months.
Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume , especially on upside breakouts.
Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
Breakout in Easy Trip Planners...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 achieved in EASEMYTRIP. Gain of 47% Target 2 is ON.This is follow-up on Easy Trip Planners. Can check link to related ideas.
Target 1 achieved. Gain of more than 47%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.