Zomato - Break from Triangle - 60 possible.
1. Zomato in Down trend
2. Three buying attempts from 75-78 zone each time making lower high - means buyers are getting weaker.
3. Triangle formation.
4. Intraday - Short if sustains below 78.
Stop - 80.
Target - 73, 70.
5. Down move is expected till 60.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.