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NeeravYadav

Zomato, end not in sight

Short
ZOMATO LTD (NSE:ZOMATO)  
NeeravYadav Updated   
NSE:ZOMATO   ZOMATO LTD
Trend Analysis Technical Indicators Wave Analysis zomato short elliottwaveforecasts nsestocks nseindia
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trendanalysis indicator waveanalysis zomato short elliottwaveforecasts nsestocks nseindia
Given that the current progression looks to be either an Impulse to the downside as Wave C or a corrective continuation, expect Zomato to see more fall in the short term.
Also any upmove for now be a pullback, hence allowing us to plan shorts from a swing perspective.
Comment:
1H : Precisely as expected : Went down more than 12% since the short setup was posted :
snapshot
Comment:
Zomato : Down more than 20% since the setup was posted :
snapshot
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Author : Think with the Markets
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