Shares of MakeMyTrip Ltd. (Symbol: MMYT) fell into oversold territory on Wednesday, achieving a Relative Strength Index (RSI) of 27.1, indicating heavy selling pressure. The stock traded as low as $65.53 per share, while the S&P 500 ETF (SPY) maintained an RSI of 48.4.
MMYT’s 52-week trading range highlights a low of $65.53 and a peak of $120.725. The recent trading price was reported at $65.54, suggesting potential buying opportunities as the selling may be reaching its limit.
