Makemytrip Stock Forecast

Sell candidate since Jun 02, 2026 Loss -16.61%

The MakeMyTrip Limited stock price fell by -4.80% on the last day (Wednesday, 10th Jun 2026) from $41.03 to $39.06. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 7.53% from a day low at $39.03 to a day high of $41.97. The price has fallen in 7 of the last 10 days and is down by -12.95% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -223 thousand shares and in total, 641 thousand shares were bought and sold for approximately $25.05 million.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $38.67 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between $40.93 and $55.83 at the end of this 3-month period.

MMYT Signals & Forecast

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. The MakeMyTrip Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $43.18 and $45.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 17, 2026, and so far it has fallen -23.44%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for MakeMyTrip Limited stock

MakeMyTrip Limited finds support from accumulated volume at $37.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.94 between high and low, or 7.53%. For the last week, the stock has had daily average volatility of 5.95%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MMYT) For The Upcoming Trading Day Of Thursday 11th

For the upcoming trading day on Thursday, 11th we expect MakeMyTrip Limited to open at $40.02, and during the day (based on 14 day Average True Range), to move between $37.80 and $40.32, which gives a possible trading interval of +/-$2.51 (+/-6.65%) up or down from last closing price. If MakeMyTrip Limited takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.78 (1.84%) than the support at $37.88 (3.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MakeMyTrip Limited stock A Buy?

The MakeMyTrip Limited stock holds several negative signals and despite the positive trend, we believe MakeMyTrip Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.379 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 11, 2026 - $40.02 ( 2.46%).

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