EaseMyTrip Price Action Analysis
There is a pennant (symmetrical triangle) pattern formation (blue triangle).
By choosing baseline charting (instead of candlestick or range), you can visualize the swings.
As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425).
But see the black dotted line. That's a "prediction" heuristic (no guarantee, it's just a heuristic) where price-action can go.
If it fails to break the upper trend line, then the range is: 400-375.
By choosing baseline charting (instead of candlestick or range), you can visualize the swings.
As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425).
But see the black dotted line. That's a "prediction" heuristic (no guarantee, it's just a heuristic) where price-action can go.
If it fails to break the upper trend line, then the range is: 400-375.
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