MMYT NEWS why is Makemytrip Limited price falling or rising

MMYT NEWS reasons for why stock price of Makemytrip Limited is falling or rising

MMYT Makemytrip is falling or rising technical reasons

Technical analysis forecast for Makemytrip Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Makemytrip MMYT at this time. Stock is falling and might fall more.

It appears as if Makemytrip MMYT gave a large move recently.

Stock of Makemytrip (MMYT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Makemytrip is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Makemytrip stays below 103.6, but if it comes above 103.6, then a intra day buy could be more profitable.
If you take a sell trade below 103.6, then use 103.6 as stoploss and 97 as target. However if you take a buy trade in Makemytrip, then use 103.6 as stoploss and 109.17 as target.

MMYT Makemytrip is falling or rising NEWS fundamental reasons

Amid Maha Kumbh celebrations, MakeMyTrip launches ‘Loved by Devotees’ to simplify pilgrimage search Spiritual travel in India is on the rise, significantly contributing to MakeMyTrip's bookings. Their new initiative, ‘Loved by Devotees,’ offers a curated list of 450+ hotels and homestays across 26 key pilgrimage locations, designed to meet spiritual - NEWS as on 2025-02-06 indiatimes.com

More announcements and NEWS

MMYT Makemytrip Limited current price & indicator signals

Moving Averages for Makemytrip Limited

  • 5Day Average: 105.8
  • 12Day Average: 111.34
  • 20Day Average: 109.19
  • 50Day Average: 111.19
  • 100Day Average: 106.89
  • 150Day Average: 102.48
  • 200Day Average: 96.89

MMYT Indicators & signals

Indicator MACD (12,26,9)

108.61, 109.32, 0.27
Indicator MACD is in negative zone

Indicator ADX (14)

12.8, 20.19, 26.11
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MMYT Makemytrip Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Fri Feb 2025 103.58 102.29 to 105.47 -0.65% 1.07 times
13 Thu Feb 2025 104.26 103.12 to 106.10 -0.7% 0.63 times
12 Wed Feb 2025 105.00 103.87 to 109.59 -0.32% 0.87 times
11 Tue Feb 2025 105.34 104.32 to 108.77 -4.94% 1.25 times
10 Mon Feb 2025 110.82 110.05 to 115.24 -2.44% 1.34 times
07 Fri Feb 2025 113.59 110.15 to 118.00 -2.66% 1.33 times
06 Thu Feb 2025 116.69 114.89 to 120.19 -2.64% 0.63 times
05 Wed Feb 2025 119.85 115.59 to 120.68 1.57% 0.77 times
04 Tue Feb 2025 118.00 117.04 to 120.72 -0.19% 1.01 times
03 Mon Feb 2025 118.23 107.99 to 119.31 8.2% 1.42 times
31 Fri Jan 2025 109.27 107.59 to 110.66 -1.96% 0.75 times
30 Thu Jan 2025 111.45 109.36 to 114.53 2.5% 1.77 times

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