Is MakeMyTrip Ltd. technically bullish or bearish?

Oct 28 2025 11:44 AM IST
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As of October 24, 2025, MakeMyTrip Ltd. exhibits a bearish technical trend, with multiple indicators signaling weakness, and has underperformed the S&P 500 significantly year-to-date and over the past year.
As of 24 October 2025, the technical trend for MakeMyTrip Ltd. has changed from mildly bearish to bearish. The weekly MACD is bearish, and the daily moving averages also indicate a bearish stance. The Bollinger Bands show a bearish condition on the monthly timeframe, while the KST is bearish weekly and mildly bearish monthly. The Dow Theory presents a mildly bullish view on the monthly timeframe, but this is overshadowed by the overall bearish indicators.

In terms of performance, MakeMyTrip has underperformed the S&P 500 across multiple periods, with a year-to-date return of -20.11% compared to the S&P 500's 15.47%, and a one-year return of -13.74% against the S&P 500's 16.90%. Overall, the current technical stance is bearish, indicating weakness in the stock's performance.
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Our weekly and monthly stock recommendations are here
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