#POSITIONAL KASH STOCKEASEMYTRIP:
The Stock is moving in ascending channel pattern and if it continues with this pattern we can see a good move and can see 600+ levels in the coming days/week/month. Please keep in mind current condition of covid can affect it. Please do your own study before any trade.
EASEMYTRIP trade ideas
EASEMYTRIPNote:
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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
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
EASE MY TRIPDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
123 GO Easy"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experience.
Chart posted to brush up some old concepts.
This is formation of Energy coil, a very stron stuff..!!
Waiting for breakout from downward channel and 454 resistance, then BOOM..!!
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.