Learn to Evaluate (MMYT) using the Charts
December 22, 2024, 15:20 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MMYT
- Buy MMYT near 103.97 target 113.95 stop loss @ 103.67 Details
The technical summary data tells us to buy MMYT near 103.97 with an upside target of 113.95. This data also tells us to set a stop loss @ 103.67 to protect against excessive loss in case the stock begins to move against the trade. 103.97 is the first level of support below 111 , and by rule, any test of support is a buy signal. In this case, support 103.97 would be being tested, so a buy signal would exist.
- Short MMYT slightly under 113.95, target 103.97, stop loss @ 114.28 Details
The technical summary data is suggesting a short of MMYT as it gets near 113.95 with a downside target of 103.97. We should have a stop loss in place at 114.28though. 113.95 is the first level of resistance above 111, and by rule, any test of resistance is a short signal. In this case, if resistance 113.95 is being tested, so a short signal would exist.
Swing Trading Plans for MMYT
- Buy MMYT slightly over 111.71, target 113.95, Stop Loss @ 111.39 Details
If 111.71 begins to break higher, the technical summary data tells us to buy MMYT just slightly over 111.71, with an upside target of 113.95. The data also tells us to set a stop loss @ 111.39 in case the stock turns against the trade. 111.71 is the first level of resistance above 111, and by rule, any break above resistance is a buy signal. In this case, 111.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MMYT slightly near 111.71, target 103.97, Stop Loss @ 112.03. Details
The technical summary data is suggesting a short of MMYT if it tests 111.71 with a downside target of 103.97. We should have a stop loss in place at 112.03 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MMYT
- Buy MMYT slightly over 111.71, target 113.95, Stop Loss @ 111.45 Details
If 111.71 begins to break higher, the technical summary data tells us to buy MMYT just slightly over 111.71, with an upside target of 113.95. The data also tells us to set a stop loss @ 111.45 in case the stock turns against the trade. 111.71 is the first level of resistance above 111, and by rule, any break above resistance is a buy signal. In this case, 111.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MMYT slightly near 111.71, target 110.07, Stop Loss @ 111.97. Details
The technical summary data is suggesting a short of MMYT if it tests 111.71 with a downside target of 110.07. We should have a stop loss in place at 111.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Makemytrip Limited (MMYT) available here: MMYT.
MMYT Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
103.97 |
| P2 |
110.07 |
111.71 |
113.95 |
| P3 |
113.94 |
117.48 |
124.14 |
AI Generated Signals for MMYT
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Makemytrip Limited (NASDAQ: MMYT) report below can help you understand how to do this. The trading plans for MMYT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MMYT:
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