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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.
MMYT — NASDAQ —
Current RSI of this stock is 58.44, which indicates the strength of buyers.
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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
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.
Based on our swing trading strategies for Nasdaq 100 stocks, MakeMyTrip stock price target will be USD 88 - USD 90 in the next 14-15 trading sessions.
