Hi
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
