🛑 easemytrip forming bullish pennant pattern
◽ Pattern represents that
After a strong upmove weak hands and short term Bulls were exiting from thier position
◽If green trend line breakout with huge volume then we can see it journey towards 700
◽ Fundamentaly strong stock
◽ good stock for long term vision
➡️ If it breakout 626 level...
stock is consolidating on daily charts since last few days, ready to breakout from the triangle pattern from the critical resistance levels. Target 700 soon in short term!
easemytrip is looking like breaking range to an upside as we can see a strong purchase from weak levels recently. so buying would be a smart deal for 30% short term gains.
Easy Trip Planners currently is in correction mode, after seeing a remarkable rally from 161 levels to 454 levels, that's a whopping gain of approx 180% in a very short span of 2months.
Now the question is where the stock could take support ?
Daily Chart suggests support around 360 levels, and there is also a harmonic pattern formation, which also suggests...
