Easy Trip Planners Limited Stock Forecast
Easy Trip Planners Limited stock price down 0.211% on Tuesday
(Updated on Jun 25, 2024)
The Easy Trip Planners Limited stock price fell by -0.211% on the last day (Tuesday, 25th Jun 2024) from ₹42.61 to ₹42.52. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.61% from a day low at ₹42.32 to a day high of ₹43.00. The price has fallen in 6 of the last 10 days but is still up by 1.48% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately ₹230.36 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Easy Trip Planners Limited stock with a 90% probability to be traded between ₹39.12 and ₹42.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EASEMYTRIP.NS Signals & Forecast
The Easy Trip Planners Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹42.77. On a fall, the stock will find some support from the long-term average at approximately ₹42.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.07%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Easy Trip Planners Limited stock
Easy Trip Planners Limited finds support from accumulated volume at ₹42.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹0.680 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: ₹41.38 (-2.69%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EASEMYTRIP.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Easy Trip Planners Limited to open at ₹42.61, and during the day (based on 14 day Average True Range), to move between ₹41.39 and ₹43.65, which gives a possible trading interval of +/-₹1.13 (+/-2.67%) up or down from last closing price. If Easy Trip Planners Limited takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹42.25 (0.63%) than the resistance at ₹43.42 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Easy Trip Planners Limited stock A Buy?
Easy Trip Planners Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.230 Hold/Accumulate Unchanged
Predicted Opening Price for Easy Trip Planners Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₹42.61 ( 0.220%) | ₹42.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EASEMYTRIP.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 43.29 | 1.82% |
R2 | 43.03 | 1.21% |
R1 | 42.87 | 0.83% |
Price | 42.52 | |
S1 | 42.35 | -0.391% |
S2 | 42.19 | -0.769% |
S3 | 41.93 | -1.38% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.10 | 3.72% |
R2 | 44.05 | 3.60% |
R1 | 43.42 | 2.12% |
Price | 42.52 | |
S1 | 42.25 | -0.635% |
S2 | 41.90 | -1.46% |
S3 | 39.80 | -6.40% |
EASEMYTRIP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 19, 2023 | Dec 19, 2023 | Jan 10, 2024 | ₹0.100 | 0.226% |
2 | Nov 18, 2021 | Nov 18, 2021 | Dec 10, 2021 | ₹0.0625 | 0.176% |
3 | Apr 27, 2021 | Apr 27, 2021 | May 18, 2021 | ₹0.125 | 0.87% |
FAQ
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