Long
Stock Analysis: #ZOMATO – The Ride Seems to Have Ended (For Now)
Hello, Traders! 👋
#ZOMATO is showing signs of weakness after facing rejection at its all-time high (ATH). Here’s the technical breakdown:
📉 Technical Overview:
🔹 The stock is trading below its long-term 150-day EMA, a bearish signal.
🔹 Critical moving averages are sloping downward, further confirming the negative trend.
🔹 Rejection at ATH suggests the bullish momentum has paused or reversed for the time being.
💡 My View:
I was holding this stock, but given the current setup, it seems the ride has ended for now. I’ll be watching for stabilization or signs of a reversal before reconsidering any position.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Shared for learning purposes only—please do your own research or consult a professional.
What’s your take on #ZOMATO? Let’s discuss!
#TradingView #StockAnalysis #MomentumTrading #ZOMATO
#ZOMATO is showing signs of weakness after facing rejection at its all-time high (ATH). Here’s the technical breakdown:
📉 Technical Overview:
🔹 The stock is trading below its long-term 150-day EMA, a bearish signal.
🔹 Critical moving averages are sloping downward, further confirming the negative trend.
🔹 Rejection at ATH suggests the bullish momentum has paused or reversed for the time being.
💡 My View:
I was holding this stock, but given the current setup, it seems the ride has ended for now. I’ll be watching for stabilization or signs of a reversal before reconsidering any position.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Shared for learning purposes only—please do your own research or consult a professional.
What’s your take on #ZOMATO? Let’s discuss!
#TradingView #StockAnalysis #MomentumTrading #ZOMATO
Trade closed manually
I exited today, locking in gains. The stock remains below key moving averages, with rejection at ATH and a bearish trend intact. Will watch for stabilization or reversal before considering re-entry.
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.
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.