ZOMATO LTDLong
ZOMATO: On A Steady Bull Run
Topic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300.
Key Points:
1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum.
2. Accumulation is recommended when the price approaches the 180-day moving average.
3. The 300 level remains a critical resistance, with the price unable to hold above it.
Key Points:
1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum.
2. Accumulation is recommended when the price approaches the 180-day moving average.
3. The 300 level remains a critical resistance, with the price unable to hold above it.
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