Rs 40 is important Level for EaseMyTrip Share Price, Bullish till Rs 53 or Bearish till Rs 37
EaseMyTrip (NSE: EASEMYTRIP), a leading online travel platform in India, has been the subject of much anticipation among investors and analysts. As we approach September 12, 2024, it’s crucial to analyze the expectations surrounding the company’s stock performance for the day.
According to analysts, the EaseMyTrip share price target for the next year is 41.00 INR, with a max estimate of 41.00 INR and a min estimate of 41.00 INR. This suggests that the stock is expected to maintain its current value or potentially experience a slight increase in the long term.
However, the short-term and intraday forecasts paint a more nuanced picture. EaseMyTrip’s share price forecast for September 12, 2024, indicates a downtrend, with possible targets of 40.95, 39.8, and 36.53 on the downside, and 46.51, 45.36, and 47.65 on the upside. These targets are based on pivot point calculations and are valid only for tomorrow’s trading session.
EaseMyTrip’s Recent Performance and Factors Influencing the Stock
EaseMyTrip’s stock has been trading at 43.07 INR as of September 5, 2024. The company’s recent financial performance, market trends, and industry developments are likely to play a significant role in shaping its stock price movement.
In the short term, the stock appears to be in a downtrend, with the nearest possible share price target being 39 INR. However, if the trend reverses, the stock could potentially reach 44 INR or higher. These levels are also acting as support and resistance for the stock.
RVNL Share Price Intraday Levels: Stock can sustain between 571 to 542, know long term level
Analysts’ Recommendations and Investor Sentiment
Analysts have provided mixed recommendations for EaseMyTrip’s stock. While some believe the stock is undervalued and have a buy rating, others are more cautious and suggest holding or selling the stock based on their risk appetite and investment strategies.
Investor sentiment is another crucial factor that can influence the stock’s performance. As of September 5, 2024, the stock’s trading volume stood at 27,803,718 shares, indicating a high level of investor interest and activity.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment-related decision, you must consult a certified expert.
