Zomato was climbing up on a treadline. The weakness in zomato was seen when the treadline break on 4th Aug 2021. Zomato came for retest and exactly from the resistance treadline gave a fall till 131.40 took a pullback and now again trading near 131. Zomato forming 2 Bullish Hamonic pattern XABCD and closing below 131 will activate both XABCD pattern and the targets can be 127.90 and 110.90 respectively.
Note:- this is only for educational purposes and study. Do your own study and take advice from your financial advisor before taking any actions or believing to anyone.