The stock is a holding company that holds RPSG Ventures, which is present in the BPM industry through its subsidiary Firstsource Solutions Limited (FSL), where it holds ~54% of the stake. FSL provides transformational business process solutions leveraging its ‘Digital First, Digital Now’ approach to create value across segments like banking and financial services,...
My observation is that the new age startup stocks have rallied in the past few days, eg. Nykaa, Paytm, Zomato.
Now, it might be time of Delhivery stock to breakout and rally.
The stock has formed a clear inverted head and shoulder pattern with 380 as its neckline.
403 is a minor resistance after which the stock can rally uptil 450-460.
If the stock retraces...
I am late to read this chart, it is evident that Zomato has broken the falling trend few days back, retested the same and now looking to reach ~60 or so. I have just purchased this on the current market Price.
Will probably look closely if this is a fakeout.
Also, the fib range from Jan 2023 are also giving an indication that the stock is not going below...
zomato mcap of 1.5 L cr
a technical bearish aggressive scenario shall take place
as there are already enough peers against it and the craze of the same might fade away
and margins are shallow
i see stock moving south accordingly