Stock Price Prediction

Technical Analysis: MMYT has shown a strong upward trend with recent price consolidation. The stock closed at $103.58 on February 14, 2025, with the latest trading volume of 878,068 shares.

Price Levels and Support/Resistance:

• Current resistance: $105.50 (recent high)
• Support level: $102.30 (recent low)
• Key psychological level: $100.00

Fundamental Catalysts:

• Q3 FY2025 results showed strong performance:
  • Revenue: $267.36M (exceeded expectations)
  • Gross bookings: Up 26.8% YoY to $2,612.4M
  • Adjusted operating profit: $46.0M (up from $33.4M)

Recent Stock Movement: The stock has shown positive momentum, with a 6.3% gain reported on February 3rd. This upward movement was supported by strong financial results and positive sector outlook.

Price Prediction for Next Week: Based on technical analysis and recent fundamental catalysts:

• Bullish target: $108-110 (60% probability)
• Neutral range: $102-105 (30% probability)
• Bearish scenario: Below $100 (10% probability)

Trading Recommendation: BUY with entry point at current levels ($103.52) with the following strategy:

• Entry: $103.52
• Target: $108.00
• Stop loss: $101.50

Rationale:

1. Strong fundamental growth in travel sector
2. Positive technical momentum
3. Robust Q3 results supporting upward trajectory
4. Healthy gross booking growth indicating strong business momentum

The stock shows a favorable risk-reward ratio with potential upside of approximately 4.3% to first target versus 1.9% downside to stop loss.