Can look at Zomato if it closes above 57 with a strong price action for a short/medium term perspective.
Good support zone at around level of 50. However, need to be cautious below this price.
Can see upward price gains to 65-70 if it gathers momentum. Further action basis price action.
Strong resistance between 75 - 88.
Note: Personal analysis, not a buy/sell...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Zomato's stock has hit it's all time low today
As all the pre IPO investors had a 1 year lock in period
And today it expired
There were a lot of sell orders
The volume in the first 2 candles itself was about 70 million
What do u think of this?
Why did Zomato hit the atl?
Do u think it will become a penny stock?
