Zomato Possible Downtrend Continuation To All Time Low

Sep 17, 2022

As seen on ZOMATO Weekly chart, Zomato can be expected to fall further and find new all time lows.

Sep 17, 2022

Note

Zomato can be good investment in long term, so wait for it to fall further, before making a investment. My guess is that Zomato may find support around Rs.30. (Just a ten rupee below the previous low)

Sep 25, 2022

Trade active

Good to see the rejection around 63-67 levels. expecting bearish trend to continue.

Oct 12, 2022

Note

Zomaland created a spike in previous week, let's see how it closes this week.

Jan 25, 2023

Trade closed: target reached

Zomato still might go further down and test the bottom, but current level is good enough to start accumulating the stock for long term investment.