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ZOMATO LTD
Long

ZOMATO READY TO DELIVER MAMOTH RETURNS

By keshavmaharaj958
Updated
The stock has formed a rounding bottom pattern on daily timeframe and fundamentals are also supported by the technicals which makes it more attractive and reliable the company posted 3 positive quarters first time since inception , also acquiring blinkit turned the tables . the stock can give breakout in upcoming week or tomorrow and upon breakout it can reach to 280 levels
Note
Breakout has initated in the stock and it has broken the crucial resistance of 160
Trade active
beuatiful rounding bottom breakout done
also a small rounding bottom has been formed
230 short term target
284 long term target


snapshot
Note
snapshot
Trade closed: target reached
rounding bottom successful i think profit booking must be viable and wait for some new pattern formation as of now i dont think there is any buy opportunity
Chart PatternsFundamental Analysis
keshavmaharaj958

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