ZOMATO // Levels // 4 hour
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Hello Everyone 👋
Here are the levels for Zomato (ZOMATO) based on a 4-hour chart:
**Resistance Levels:**
1. 125.50 - 126.50 (previous high)
2. 128.00 - 129.00 (psychological level)
3. 130.50 - 131.50 (resistance zone)
**Support Levels:**
1. 122.50 - 123.50 (previous low)
2. 120.00 - 121.00 (psychological level)
3. 118.50 - 119.50 (support zone)
**Key Levels:**
1. 124.00 - a crucial level to watch for trend continuation or reversal
2. 120.50 - a potential reversal zone
**Notes:**
* Zomato is currently trading around the resistance level of 124.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 120.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
Hello Everyone 👋
Here are the levels for Zomato (ZOMATO) based on a 4-hour chart:
**Resistance Levels:**
1. 125.50 - 126.50 (previous high)
2. 128.00 - 129.00 (psychological level)
3. 130.50 - 131.50 (resistance zone)
**Support Levels:**
1. 122.50 - 123.50 (previous low)
2. 120.00 - 121.00 (psychological level)
3. 118.50 - 119.50 (support zone)
**Key Levels:**
1. 124.00 - a crucial level to watch for trend continuation or reversal
2. 120.50 - a potential reversal zone
**Notes:**
* Zomato is currently trading around the resistance level of 124.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 120.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
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Contact No = +91 76784 46896
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Contact No = +91 76784 46896
Mail ID = skytradingmod@gmail.com
My Telegram ID= @skytradingmod
Whatsup code - alvo.chat/4RcF
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