ZOMATO 1D TF

Nov 7

ZOMATO has been moving around a support zone for a long period of time. Now after taking support from the zone the price has moved up. A strong bullish candle along with strong volume suggests that the stock will move upward. Keeping the stoploss below the zone and having a risk-reward ratio of 1:1.5 the trade could be executed with a good winning possibility

We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.

Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades