Stock Analysis: #ZOMATO – The Ride Seems to Have Ended (For Now)Hello, Traders! 👋
#ZOMATO is showing signs of weakness after facing rejection at its all-time high (ATH). Here’s the technical breakdown:
📉 Technical Overview:
🔹 The stock is trading below its long-term 150-day EMA, a bearish signal.
🔹 Critical moving averages are sloping downward, further confirming the negative trend.
🔹 Rejection at ATH suggests the bullish momentum has paused or reversed for the time being.
💡 My View:
I was holding this stock, but given the current setup, it seems the ride has ended for now. I’ll be watching for stabilization or signs of a reversal before reconsidering any position.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Shared for learning purposes only—please do your own research or consult a professional.
What’s your take on #ZOMATO? Let’s discuss!
#TradingView #StockAnalysis #MomentumTrading #ZOMATO
