Namaste!
For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies ( Netflix , FB , Etc). Buying after a correction is always a best choice because it has more reward potential. And you are not putting all the eggs in one basket. So, eventually, your diversified basket would beat the market ( Nifty returns) over a period of time.
Buying price: If it moves above Rs 60.50 or any next weekly red candle created and closed, buying at high of such candle.
Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies ( Netflix , FB , Etc). Buying after a correction is always a best choice because it has more reward potential. And you are not putting all the eggs in one basket. So, eventually, your diversified basket would beat the market ( Nifty returns) over a period of time.
Buying price: If it moves above Rs 60.50 or any next weekly red candle created and closed, buying at high of such candle.
Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
Comment:
Generally, investors and venture capitals look at the increasing sales figures to analyse value of the company. Whereas, decreasing losses make more sense to me for valuing a loss making company. Decreasing losses since consecutive 3 years is a good indication and time to invest in. Zomato has decreasing losses (EPS) since last 2 years, 1 to go.
Comment:
Zomato is creating a "double bottom pattern" on weekly charts. Its a reliable bullish indicator and this stock may see a bullish rally in couple of months provided IT sector stays bullish.