Dear Followers,
I hope this message finds you well. I wanted to provide you with an update on the stock
ZOMATO
and discuss the current resistance levels that we've been monitoring.
After a thorough analysis of the stock's performance and market trends, I wanted to highlight the following key points:
Stock Performance: The stock has exhibited consistent growth over the past 1 Year, with a 71% increase in its value. This is a positive sign that indicates strong investor confidence and potential for further gains.
Resistance Levels:
My technical analysis reveals that the stock is currently approaching a key resistance level at 102-105. This level has historically acted as a barrier to upward movement, as investors have shown a tendency to take profits or hesitate to buy at this point.
Market Sentiment: It's important to consider the current market sentiment. Despite the stock's strong performance, there might be some caution among investors due to Profit Booking of Big Players
Short-Term Outlook: While the stock has the potential to breach the resistance level and continue its upward trajectory, if its Break resistance of 102-105 then Probably we can 120-130 Level. it's also prudent to be prepared for potential short-term fluctuations as the market digests recent gains.
Based on this analysis, I recommend that we closely monitor the stock's movement around the resistance level. Should the stock successfully break through this level and sustain its upward momentum, it could signal a strong buying opportunity. On the other hand, if we observe a significant pullback or consolidation around the resistance and it will try to test Downside of 85-80 Level, it might be a chance to reassess our strategy.
As always, I am here to provide you with any additional insights or answer any questions you may have. Your financial goals and risk tolerance are of utmost importance, and I am dedicated to helping you make informed investment decisions.
Please feel free to reach out at your convenience, and we can discuss how to proceed based on the stock's evolving performance.
Best regards,
Ajay Metha
I hope this message finds you well. I wanted to provide you with an update on the stock
ZOMATO
and discuss the current resistance levels that we've been monitoring.
After a thorough analysis of the stock's performance and market trends, I wanted to highlight the following key points:
Stock Performance: The stock has exhibited consistent growth over the past 1 Year, with a 71% increase in its value. This is a positive sign that indicates strong investor confidence and potential for further gains.
Resistance Levels:
My technical analysis reveals that the stock is currently approaching a key resistance level at 102-105. This level has historically acted as a barrier to upward movement, as investors have shown a tendency to take profits or hesitate to buy at this point.
Market Sentiment: It's important to consider the current market sentiment. Despite the stock's strong performance, there might be some caution among investors due to Profit Booking of Big Players
Short-Term Outlook: While the stock has the potential to breach the resistance level and continue its upward trajectory, if its Break resistance of 102-105 then Probably we can 120-130 Level. it's also prudent to be prepared for potential short-term fluctuations as the market digests recent gains.
Based on this analysis, I recommend that we closely monitor the stock's movement around the resistance level. Should the stock successfully break through this level and sustain its upward momentum, it could signal a strong buying opportunity. On the other hand, if we observe a significant pullback or consolidation around the resistance and it will try to test Downside of 85-80 Level, it might be a chance to reassess our strategy.
As always, I am here to provide you with any additional insights or answer any questions you may have. Your financial goals and risk tolerance are of utmost importance, and I am dedicated to helping you make informed investment decisions.
Please feel free to reach out at your convenience, and we can discuss how to proceed based on the stock's evolving performance.
Best regards,
Ajay Metha
Comment:
Entering into Downtrend
Trade active:
Short Entry Executed