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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

MakeMyTrip Limited - Ordinary Shares (NASDAQ:MMYT)

Sidelines Mode (-55) - MMYT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MMYT?

MarketClub looks at technical strength and momentum to determine if the timing is right for MMYT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MMYT Price Change
38.2500 38.8999 37.9500 38.0900 -0.1000
Entry Signal

MarketClub’s Trade Triangles for MMYT

long term up The long-term trend has been UP since Jun 1st, 2023 at 26.8400

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2023 at 37.2991

short term up The short-term trend has been UP since Sep 22nd, 2023 at 38.2899

Smart Scan Analysis for MMYT

Based on our trend formula, MMYT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MMYT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.2500 38.8999 37.9500 38.0900 -0.1000
Prev. Close Volume Bid Ask Time
38.0700 313074 2023-09-22 15:59:54
Year High41.7Year High Date2018-06-12
Year Low20.82Year Low Date2018-10-25
52wk High41.4752wk High Date2023-09-12
52wk Low22.552wk Low Date2023-04-26
Year End Close12.44Average Volume759,560
Shares Outstanding65,065Short Interest375,333
% Institutional86.6Market Cap2,522M
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