Zomoto; CMP:185.50;
Zomato chart structure seems is very strong, it’s a good buy at the current market price (range of 188-190) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis.
The various swing targets for the script are- Target- 1- 212-215; Target-2- 226-230;
While the final Target on charts is seen at Rs 285-290 level.
Script will face major resistance at 246.5 level before marching towards the final target.
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Zomato chart structure seems is very strong, it’s a good buy at the current market price (range of 188-190) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis.
The various swing targets for the script are- Target- 1- 212-215; Target-2- 226-230;
While the final Target on charts is seen at Rs 285-290 level.
Script will face major resistance at 246.5 level before marching towards the final target.
✅If you resonate with this Ideas, pls Share, Like & boost idea and follow to never miss a new idea!✅
Commentaire:
Zomato has again tested its support on Friday trading session and strong buying has immerged as soon as it slinked down to 182 level and bounce back to close above 182 levels. Keep a strict stop loss of 179 on closing basis the earlier stop loss of 181 is revised to 179 to counter the extreme volatility in market due to general election.
Transaction en cours:
Worst is over for the Zomato, the uncertainty in the macro economic front has eased out, last few weeks before the new leg o rally should take Zomato to new all time high.
