Zomato. Bullish Pattern. Cup and Handle. Target 218+. SL 191.
Technically, a very nice consolidation of 3 months. Breaking on the upside, and a very good close on 01/07/2024.
Buy here, around 200-205. Stop loss 191( below the low of the handle). And targets of 218 and beyond based on reward/risk ratio of 2:1.
Only for educational purposes
Buy here, around 200-205. Stop loss 191( below the low of the handle). And targets of 218 and beyond based on reward/risk ratio of 2:1.
Only for educational purposes
Note
Update 10/07/2024: Price action is very positive. Consolidation above the breakout levels of 200-205. Bullish candle today. Any daily close above 214, the stop loss will be trailed to 198 and further small quantity can be added.Note
Update 11/07/2024 14:23. Good breakout move on hourly time frame. Holding trade, with new trailing stop loss of 204.Note
15/07/2024 11:33 am.Booked partial profits @ 227.5. Carrying the rest.
Note
02/08/2024 9:45 am. Booking most of my profits. 80% of original trade size booked.
Note
New Stop loss of 224.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.