Zomato Ltd. - Will it deliver...?
Can look at Zomato if it closes above 57 with a strong price action for a short/medium term perspective.
Good support zone at around level of 50. However, need to be cautious below this price.
Can see upward price gains to 65-70 if it gathers momentum. Further action basis price action.
Strong resistance between 75 - 88.
Note: Personal analysis, not a buy/sell recommendation. Do consult your advisor
Good support zone at around level of 50. However, need to be cautious below this price.
Can see upward price gains to 65-70 if it gathers momentum. Further action basis price action.
Strong resistance between 75 - 88.
Note: Personal analysis, not a buy/sell recommendation. Do consult your advisor
Note
Touched 66 during the day. Will observe how the price behaves - a tight consolidation would be good rather than an up-move which increases the risk of pullback.Note
Touched 75. Need to watch how it behaves given it is near the resistance level.
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