MakeMyTrip (MMYT, $112.5) price may drop as it broke higher Bollinger Band on May 02, 2025

#OtherConsumerServices, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
MMYT - MakeMyTrip Limited
Bollinger signal
Bearish Trend
74%
Odds of DOWN Trend
Price: $112.5
Daily change: +$4.96 (+4.61%)
Daily volume: 806.6K
Capitalization: $12.4B
Industry: Other Consumer Services

This price move could be a signal that MMYT may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 47 similar cases where MMYT's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 74%.