Bull trap or Buying opportunity? EASEMYTRIP Trend Analysis

Currently price is moving below 200 DMA after death cross and head & shoulder pattern formation.

Everything is good about the fundamentals except valuation.

Around 6% of the promoter's holdings were disposed ahead of General Sales Agreement with Spicejet Airlines.

Looks like a 35% dump is on its way to achieve the target of H&S pattern around 28 odd levels.

Any upside momentum will be a bull trap.

Will update targets after price comes to the buying zone highlighted in green.

Do your own due diligence before taking any action.

Peace !!