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AStockbro

Short Zomato to get short term Target of 61.45, 2nd T - 51.55

Short
ZOMATO LTD (NSE:ZOMATO)  
AStockbro Updated   
NSE:ZOMATO   ZOMATO LTD
Trend Analysis Chart Patterns Technical Indicators shortsetup zomato shorttermsell Bearish Patterns
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trendanalysis chartpattern indicator shortsetup zomato shorttermsell bearish
According to the Chart pattern it seems to breakout from the channel and therefore it can possible goes down to either Rs 61.5, within 1 week or soo on and if goes down than the nearest downfall seems to be 51.55 to 52, currently today it trading between Rs 63.30-63.5pa current day high Rs 64. invest or Trade by your own research or analyze I am just educating the chart pattern that I observed.
Comment:
Today zomato made a low of 60.85 that crossed our 1st target of 61.45. enjoy trading. now wait and watch til it will reach 51.55-52 within 3-6 Months, if it will sustain above 62 than the possibilities of reaching 72-75. lets wait and watch.
Trade closed: target reached:
Today it hot Rs 48.85 as a day low and now trading around 51.25, so as per my chart analyze it already hit the 2nd target, one can now start accumulate it if want to make fresh long positions for long term.
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