Multibagger Stock: Easy Trip share price is trading with an upward trend since last 6 months. Last week, this multibagger stock has given a sharp jump and registered a growth of around 6 per cent in this period. According to stock market experts, it can give breakout on the stock. from 310 315 levels. He further added that the stock may give a sharp bounce after giving breakout at these levels on closing basis.
According to stock market analysts, Easy Trip share price is on the verge of a breakdown and once it closes above this breakout level, this multibagger stock may go higher. 460 each level over the next 3 months. He said stock market investors are looking for stocks that can remain untouched by rising commodity prices and global inflation concerns. For such positional investors, Tour and Travel stocks can emerge as an option and hence Easy Trip Shares can attract bullish momentum in the upcoming sessions. He advised new investors to include this stock in their portfolio after breakout 460 each target.
Speaking on the reasons behind this multibagger stock being bullish; Ravi Singhal, Vice Chairman, GCL Securities said, “In view of global inflation concerns and rising commodity prices, positional investors are increasingly looking at stocks that may be least affected or almost untouched by these triggers. Hence, Tour and Travel stocks are one of the most suitable options which may push Easy Trip share price in future.However, for investors playing it safe, they are advised to wait for breakout in the stock, which is expected to be approx from 310 Based on 315 completion. should buy this stock above 315 levels for 3 months. the goal of 460.” However, Ravi Singhal of GCL advises investors to maintain a tight stop loss. Taking a position in the stock after the 270 breakout.
Unveiled strategy for high-risk traders; Mudit Goel, Senior Research Analyst, SMC Global Securities said, “High risk traders can buy this multibagger stock for immediate short-term targets. Maintaining Stop Loss at 310 275. If stock . breaks its immediate barrier laid on from 310 315, So It Might Go Too Soon 340 in the short term.”
Easy Trip Share is one of the multibagger stocks in 2021 as it has risen from approx. from 104 286.50 each level. About 175 percent growth was registered during this period.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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