Why I'm applying for Zomato's IPOA quick video on why I'm personally applying for Zomato's IPO. Not financial advice, just a process I follow for IPOs. Please do what feels comfortable to you!
Zomato
LONG INFO EDGEI personally don't like the financials of loss-making zomato, but don't want to miss the chance to capitalize on this unicorn listing!
general fact- Info edge bought zomato for 1.16 rupees per share!
TGT< ENTRY AFTER RETEST < SL
all marked in the chart!
NAUKRI Coming for a retest5180 is 0.5 Fib level and a crucial support for Info Edge. Could come for a retest make a higher low and then off to make a newer high !
Naukri: Inverse H&SNaukri had a great run from Rs 1600 in March. Its nearly 3.5X in less than a year. It seems an Inverse H&S is being formed. It should consolidate at the 4850 levels for a few days/weeks.
The Zomato story definitely has some link here. Coulds be that existing shareholders are selling to apply in the IPO. Nevertheless, it seem sit will consolidate at 4850 levels, before moving to a new high of Rs 6800.
