Easy Trip Planners Ltd Faces Bearish Momentum Amid Technical Indicator Divergence

Price Movement and Market Context

Trading at ₹6.69 as of 21 Jan 2026, Easy Trip Planners Ltd’s share price has declined by 3.88% on the day, closing below the previous close of ₹6.96. The stock’s intraday range was between ₹6.62 and ₹6.99, hovering near its 52-week low of ₹6.62, a stark contrast to its 52-week high of ₹14.90. This significant depreciation over the past year reflects a broader downtrend, with the stock losing 52.28% in the last 12 months, while the Sensex gained 6.63% over the same period.

Over longer horizons, the stock’s underperformance is even more pronounced. Over three years, Easy Trip Planners has declined by 75.74%, whereas the Sensex has surged 35.56%. This divergence highlights the stock’s struggles amid a recovering market and suggests sector-specific or company-level challenges.

Technical Trend Shift: From Mildly Bearish to Bearish

Recent technical analysis reveals a shift in the overall trend from mildly bearish to outright bearish. The daily moving averages have turned decisively negative, signalling sustained selling pressure. The stock’s price remains below key moving averages, indicating a lack of upward momentum and potential resistance at higher levels.

The weekly and monthly technical indicators present a mixed but predominantly negative picture. The Moving Average Convergence Divergence (MACD) indicator shows a mildly bullish signal on the weekly chart, suggesting some short-term momentum attempts. However, the monthly MACD remains bearish, reflecting longer-term weakness. This divergence between timeframes indicates that while short-term rallies may occur, the broader trend remains downwards.

The Relative Strength Index (RSI) adds further nuance. On the weekly scale, the RSI is neutral with no clear signal, hovering around mid-range levels, which implies indecision among traders. Conversely, the monthly RSI is bullish, hinting at potential oversold conditions and a possible longer-term recovery if buying interest emerges.

Bearish Momentum Confirmed by Bollinger Bands and KST

Bollinger Bands on both weekly and monthly charts are bearish, with the price trading near or below the lower band. This suggests heightened volatility and downward pressure, often signalling continuation of the downtrend rather than reversal. The stock’s price failing to break above the middle band reinforces the bearish momentum.

The Know Sure Thing (KST) oscillator, a momentum indicator, shows a mildly bullish stance on the weekly timeframe but remains bearish on the monthly chart. This again underscores the conflicting signals between short-term attempts at recovery and persistent long-term weakness.

Volume and Dow Theory Signals

On-Balance Volume (OBV) analysis reveals a mildly bearish trend on the weekly chart, indicating that volume is not supporting price advances. The monthly OBV shows no clear trend, suggesting a lack of conviction among investors over the longer term.

Dow Theory assessments align with the technical trend shift, showing mildly bearish signals on both weekly and monthly timeframes. This theory, which focuses on the confirmation of trends through market averages, supports the view that the stock is in a downtrend, with lower highs and lower lows dominating price action.

Mojo Score and Ratings Update

Easy Trip Planners currently holds a Mojo Score of 31.0, categorised as a Sell rating. This represents an upgrade from a previous Strong Sell grade assigned on 19 Jan 2026, reflecting a slight improvement in technical parameters but still signalling caution. The Market Capitalisation Grade stands at 3, indicating a relatively small market cap that may contribute to higher volatility and liquidity concerns.

The downgrade in technical trend and the mixed signals from momentum indicators suggest that investors should remain wary. The stock’s inability to sustain rallies above key resistance levels and the persistent bearish moving averages imply that downside risks remain significant.

Comparative Sector and Industry Performance

Within the Tour and Travel Related Services sector, Easy Trip Planners’ performance is notably weaker than broader indices and peers. The sector has faced headwinds from fluctuating travel demand and macroeconomic uncertainties, but the stock’s steep declines outpace these challenges. Investors should consider sectoral trends alongside company-specific fundamentals when evaluating potential exposure.

Outlook and Investor Considerations

Given the current technical landscape, Easy Trip Planners Ltd appears to be in a consolidation phase with bearish undertones. The short-term mildly bullish signals on weekly MACD and KST oscillators may offer limited relief rallies, but the dominant monthly bearish indicators caution against expecting a sustained recovery soon.

Investors should closely monitor key support levels near ₹6.62 and watch for any meaningful volume upticks that could signal a reversal. Until then, the prevailing technical evidence suggests a continuation of the downtrend, with risk management paramount for existing shareholders.

Summary

Easy Trip Planners Ltd’s technical indicators collectively point to a bearish momentum shift, with daily moving averages and monthly oscillators signalling continued weakness. While some weekly indicators show mild bullishness, these are insufficient to offset the broader downtrend. The stock’s significant underperformance relative to the Sensex and sector peers further emphasises the challenges ahead.

Investors should approach the stock with caution, considering both the technical signals and fundamental backdrop. Monitoring for any changes in volume patterns or a sustained break above moving averages will be critical to identifying a potential turnaround.

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