EaseMyTrip Chart looks good
EaseMyTrip is forming a symmetrical triangle pattern. Starting from April, the stock is in a strong consolidation zone.
Currently, the stock is bearish as it has crossed below the 100 EMA but in terms of 200 EMA, it is still bullish. Since PE shows that the stock is quite expensive, but I think the split came to overcome the expensive situation.
The stock can once again be in the bullish zone once it crosses the upper line
NOTE: EasyMyTrip to declare bonus shares, net sales jump 92% YoY in Q2
Any suggestions, kindly comment!!
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