Bull trap or Buying opportunity? EASEMYTRIP Trend Analysis
Currently price is moving below 200 DMA after death cross and head & shoulder pattern formation.
Everything is good about the fundamentals except valuation.
Around 6% of the promoter's holdings were disposed ahead of General Sales Agreement with Spicejet Airlines.
Looks like a 35% dump is on its way to achieve the target of H&S pattern around 28 odd levels.
Any upside momentum will be a bull trap.
Will update targets after price comes to the buying zone highlighted in green.
Do your own due diligence before taking any action.
Peace !!
Everything is good about the fundamentals except valuation.
Around 6% of the promoter's holdings were disposed ahead of General Sales Agreement with Spicejet Airlines.
Looks like a 35% dump is on its way to achieve the target of H&S pattern around 28 odd levels.
Any upside momentum will be a bull trap.
Will update targets after price comes to the buying zone highlighted in green.
Do your own due diligence before taking any action.
Peace !!
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。