MakeMyTrip (NASDAQ: MMYT) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 79.5 – 81 |
Target | 88 – 90 |
StopLoss* | below 74 |
Duration | 14-15 Trading Days |
Potential Returns | 9% – 11% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 79.5 – 81 | 88 – 90 | below 74 | 14-15 Trading Days | 9% – 11% |
* Once the first target hit, reset the StopLoss at your buying price.
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MakeMyTrip (NASDAQ: MMYT) STOCK OVERVIEW
MakeMyTrip Ltd. is an online travel company that offers a wide range of services and products to make your travel experience seamless. From booking air tickets, hotels, and packages to rail tickets, bus tickets, and car hire, we have got you covered. We also provide ancillary travel requirements such as foreign currency exchange services, visa processing, and access to travel insurance products. Our brands, MakeMyTrip, goibibo, and redbus, cater to different travel needs and preferences. With three segments – Air Ticketing, Hotels and Packages, and Bus Ticketing – we ensure that you can easily book domestic and international tickets for flights and buses. Our Hotels and Packages segment offers holiday packages and hotel reservations to make your trip even more enjoyable. Founded by Deep Kalra and Rajesh Magow in 2000, our company is headquartered in Gurgaon, India.
Stock Data | |
NASDAQ Symbol | MMYT |
Sectoral Index | Consumer Discretionary |
52 Weeks High | 89.83 |
52 Weeks Low | 25.75 |
MakeMyTrip (NASDAQ: MMYT) - RELATIVE STRENGTH

Relative Performance - Last 1 Year
MakeMyTrip — NASDAQ —
MakeMyTrip (NASDAQ: MMYT) - DAILY TECHNICAL ANALYSIS

- The price is showing a strong uptrend, consistently forming higher highs and lows.
- After reaching a near all-time high around the 90 level, the price corrected and found support near the 75 level.
- Supported by decent trading volume, the price has resumed its upward movement.
- As long as the price stays above the 75 level, the overall sentiment remains positive.
MakeMyTrip (NASDAQ: MMYT) - RSI

- Current RSI of this stock is 58.44, which indicates the strength of buyers.
MakeMyTrip (NASDAQ: MMYT) - EMA Cross

- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
MakeMyTrip (NASDAQ: MMYT) - OBV

- The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.
CONCLUSION - MakeMyTrip (NASDAQ: MMYT) STOCK PRICE FORECAST
Based on our stock trading advice in USA, MakeMyTrip stock price target will be USD 88 – USD 90 in the next 14-15 trading sessions.