Zomato is an Indian multinational restaurant aggregator and food delivery company ready for big rally. Recently they take over some of their competitor.
Now Zomato is ready for bi g move ahead of the quarterly results.
CMP : 193
SL : 182
TARGET : 200 / 210 / 221
📈 Jubilant Foodworks 📉
My Findings :-
1. Breakout from a swing high.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 689 and 788
SL- 530
RR- 1: 3
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision...
