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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Makemytrip is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Makemytrip stays below 99.8, but if it comes above 99.8, then a intra day buy could be more profitable.
If you take a sell trade below 99.8, then use 99.8 as stoploss and 95.9 as target. However if you take a buy trade in Makemytrip, then use 99.8 as stoploss and 103 as target.

MMYT Makemytrip is falling or rising NEWS fundamental reasons

MakeMyTrip to acquire Happay Expense Management Platform from CRED MakeMyTrip is expanding its corporate travel offerings by acquiring Happay's expense management platform from CRED. This move will combine MakeMyTrip's travel expertise with Happay's expense management solutions, benefiting over 900 corporate clients. Wh - NEWS as on 2024-11-18 indiatimes.com

More announcements and NEWS

MMYT Makemytrip Limited current price & indicator signals

Moving Averages for Makemytrip Limited

  • 5Day Average: 103.21
  • 12Day Average: 103.9
  • 20Day Average: 103.33
  • 50Day Average: 101.51
  • 100Day Average: 96.76
  • 150Day Average: 90.06
  • 200Day Average: 83.53

MMYT Indicators & signals

Indicator MACD (12,26,9)

103.22, 102.65, 1.19
Indicator MACD is in positive zone

Indicator ADX (14)

9.17, 20.67, 24.84
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
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
15 Fri Nov 2024 97.53 96.54 to 101.73 -5.34% 1.92 times
14 Thu Nov 2024 103.03 102.80 to 106.06 -1.26% 0.51 times
13 Wed Nov 2024 104.35 103.17 to 107.17 0.14% 0.98 times
12 Tue Nov 2024 104.20 102.56 to 106.80 -2.54% 0.75 times
11 Mon Nov 2024 106.92 105.52 to 108.27 0.09% 0.85 times
08 Fri Nov 2024 106.82 103.85 to 107.16 2.71% 0.85 times
07 Thu Nov 2024 104.00 103.50 to 112.77 -8.33% 1.59 times
06 Wed Nov 2024 113.45 103.40 to 113.61 10.94% 2 times
05 Tue Nov 2024 102.26 99.79 to 103.95 2.73% 0.54 times
04 Mon Nov 2024 99.54 99.16 to 102.54 -3.54% 0.85 times
01 Fri Nov 2024 103.19 100.75 to 104.97 1.68% 1.08 times
31 Thu Oct 2024 101.49 100.34 to 102.41 0.43% 0.62 times

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MMYT NEWS why is Makemytrip Limited price falling or rising

 

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