Zomato is showing weakness it may test 170 soon.

Mar 14

Zomato is weak on monthly and weakly chart. It forms Fake breakout with double top pattern on monthly chart.
As per chart showing weakness on daily chart also as RSI drag below 40. It can short on any rise or here for target 170 soon.

Mar 25

Trade active

Tested our short level 223 and down. trade is active wait for target with sl 230 closing basis.

Mar 28

Trade closed: target reached

Zomato reached at 200 level. As per last 2 days trading it is taking support for bounce here. 200 is psychological level forms double bottom. it is suggested to book profit here and wait for bounce to short again.