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MMYT — Oversold Bullish Reversal + Gap-Fill Reversal

Status: Watch

Scanner score: 60.0/100

Why this was flagged

MMYT was identified as a bullish technical setup based on the Oversold Bullish Reversal + Gap-Fill Reversal pattern. The scanner found a score of 60.0/100 using trend alignment, momentum, price action, volume, and risk-management rules.

Trade framework

Current price$50.09

Entry zone$50.09 – $50.68

Stop-loss / invalidation$47.41

Target 1$55.45

Target 2$58.13

Reward/risk2.00:1

Suggested holding windowAbout 2–8 trading days; reversal setups should work relatively quickly.

FoundSep 11, 2026 10:21 pm

Potential expirationSep 21, 2026 10:21 pm

Entry plan: Consider a limit order only within the displayed entry zone. If price does not enter that range, skip the trade rather than chasing it.

Position-sizing example

Reference entry$50.39

Planned risk per share$2.98

Example: $100 planned risk33 shares

Example: $250 planned risk83 shares

These examples use the distance between the reference entry and stop-loss. They do not account for commissions, slippage, taxes, overnight gaps, or your personal account size.

Exit plan

Stop-loss: Exit if the stop-loss is reached. Do not move the stop farther away to avoid taking the planned loss.
Target 1: Consider taking partial profit when Target 1 is reached and reducing risk on the remaining shares.
Target 2 or trailing exit: Consider closing the remaining position at Target 2, or use a disciplined trailing stop only if the trend remains strong.
Time exit: Reassess or close a trade that fails to progress within the suggested holding window.

See on TradingView See on Yahoo Finance Research on Morningstar

Technical chart

Daily closing price with moving averages and planned trade levels. This chart is a screening aid, not a guarantee of future results.

CloseSMA 20EMA 20SMA 50SMA 200Entry zoneStop-lossTargets

$1,000 educational outcome examples

Example reference entry$50.39

Example fractional shares19.85

If Target 1 is reached$1,100.57 value (+10.1%)

If Target 2 is reached$1,153.78 value (+15.4%)

If the stop-loss is reached$940.92 value (-5.9%)

These examples use a $1,000 position and fractional shares at the midpoint of the entry zone. Actual results can differ because of market gaps, fills, spreads, commissions, taxes, slippage, and changing conditions.

Easy explanation for new investors

A plain-English explanation is being prepared from this scanner data. Please check back shortly.

Recent news context

This automated review is separate from the technical score. It summarizes recent related articles and does not predict price movement.

Overall context: Neutral (Moderate confidence)

MakeMyTrip recently experienced a 6.4% price drop and analyst downgrades from Wall Street Zen and Zacks Research, yet the stock maintains a "Moderate Buy" consensus rating with an average price target of $86.75. Institutional ownership stands at 51.89%, with Carrhae Capital LLP increasing its stake by 47%. The company faces valuation concerns with a trailing P/E ratio of 411.92. Operationally, MakeMyTrip partnered with Fly91 to launch holiday packages for Lakshadweep, aiming to expand market reach during the peak travel season. Technical indicators suggest an oversold bullish reversal setup, though recent news reflects mixed sentiment with both institutional accumulation and bearish analyst actions.

Potentially supportive context

Carrhae Capital LLP increased its stake in MakeMyTrip by 47% in Q2 2026, bringing total holdings to 221,385 shares.
Institutional investors collectively hold 51.89% of the company's shares.
MakeMyTrip launched new holiday packages in partnership with Fly91 for Lakshadweep travel.

Risks and caution items

Shares declined 6.4% on a single day, prompting a "Should You Sell?" discussion.
The company received downgrades from Wall Street Zen and Zacks Research.
The stock trades at a high trailing P/E ratio of 411.92, indicating elevated valuation risks.

Latest reviewed article: Sep 9, 2026 10:30 pm

Recent related articles

MakeMyTrip (NASDAQ:MMYT) Trading Down 6.4% - Should You Sell?MarketBeat · Sep 9, 2026 · Provider label: Somewhat-Bearish

MakeMyTrip (NASDAQ:MMYT) shares dropped 6.4% on Wednesday with significantly lower trading volume. Despite recent downgrades from Wall Street Zen and Zacks Research, the stock maintains a "Moderate Buy" consensus rating and an average price target of $86.75 from analysts. Institutional investors hold…

Carrhae Capital LLP Grows Position in MakeMyTrip Limited $MMYTMarketBeat · Sep 9, 2026 · Provider label: Neutral

Carrhae Capital LLP significantly increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 47% in the second quarter of 2026, acquiring an additional 70,823 shares and bringing its total holdings to 221,385 shares valued at $11.8 million. Other institutional investors also increased their…

MakeMyTrip Partners with Fly91 for Lakshadweep Holiday Packageshttps://safariindia.com/ · Aug 31, 2026 · Provider label: Bullish

MakeMyTrip has partnered with regional airline Fly91 to offer curated holiday packages to Lakshadweep, leveraging Fly91's new direct flights from Bengaluru to Agatti starting November 12, 2026. These packages include return flights, accommodation, meals, activities, and tour manager support, aiming to make…

Important: Some returned articles may describe competitors, industry conditions, or related companies. Open the source before relying on an article.

Scanner confirmations

Current volume is at least 1.25x the 20-day average volume.
RSI is near oversold territory with bullish candle confirmation.
Price reversed higher after a prior-day gap down and reclaimed the prior close with volume confirmation.

Important: This is an automated educational screening result, not a buy recommendation. Confirm price, liquidity, earnings dates, news, and your own risk before entering any trade.