Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes.
Key Observations:
Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside...
Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes.
Key Observations:
Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside...
