EASEMYTRIP LONGThe phenomenon of trendline rejection is a common occurrence in technical analysis. It refers to the situation where a price trend, as indicated by a trendline, fails to continue in the anticipated direction. This can happen multiple times.
The price action of the asset has exhibited a breakout above the trendline, followed by a subsequent retest of the breakout level. This indicates a potential bullish momentum and suggests that the asset may be poised for an upward movement.
Based on wave analysis, the current state of the market indicates that it is currently in the fifth wave of the first wave.
The level of invalidation is also displayed.
I am not a registered Sebi analyst. My studies are purely for educational purposes.
Before trading or investing, please consult with your financial advisor. I am not accountable for your profits or losses in any way.
Thanks
VJ
EASEMYTRIP trade ideas
Ease my trip - Trend reversalWith a BRILLIANT marketing ploy by EMT to make themselves visibile and get marketing for free thanks to the maldives fiasco..they could also gain more loyal customers.
PS: I am a loyal user coz of zero convenience.
The stock was in a downtrend but seems to be reversing.
Price has moved above the AVWAP of the entire downmove.
With tourism suddenly becoming a big focus these guys could benefit significantly.
Long at CMP with 50% allocation and doubling up above 47.
SL after the first trade at 42.15.
Time to EaseMyTrip✅ to Portfolio 🚍📈 Here is the time to consider #EaseMyTrip✅
-CMP at 43
- Round bottom formation in WTF
-200 SMA breakout
-Trend line breakout
-Narrow & Inside Monthly CPR
-Huge volume buildup near breakout zone
-Monthly resistance broken
#BREAKOUTSTOCKS #nifty #Multibagger #NSE #stockstowatch
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...
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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.
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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.
Positional or Longterm Opportunity in Easy Trip PlannersGo Long @ 42.65 for Targets of 48, 56.45, and 4746.4 with SL 39.2
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout (marked with red color).
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone.
3. In addition to this, the stock took support from the demand zone (marked with green color) where it initially was facing resistance.
4. Also a bullish candlestick pattern (Bullish Harami) is formed around the support zone marked with yellow color.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in EASEMYTRIP
BUY TODAY SELL TOMORROW for 5%