Long
Zomato reversing from support with a Bullish Engulfing!
✅At support and reversing with bullish engulfing.
✅Strong candle.
✅Stock tends to respect 50 DMA and ride on 50
DMA.
❗️Trading below 50 DMA.
❗️Overall market structure needs to improve further
and more confirmation is required. The risk of a
potential downtrend still exists.
Please consult your financial advisor before investing. This is not a trade recommendation.
▶️Market Cap---₹ 2,26,122 Cr.
▶️Current Price---₹ 256
▶️Stock P/E---305
▶️ROCE---1.14 %
▶️ROE---1.12 %
✅Strong candle.
✅Stock tends to respect 50 DMA and ride on 50
DMA.
❗️Trading below 50 DMA.
❗️Overall market structure needs to improve further
and more confirmation is required. The risk of a
potential downtrend still exists.
Please consult your financial advisor before investing. This is not a trade recommendation.
▶️Market Cap---₹ 2,26,122 Cr.
▶️Current Price---₹ 256
▶️Stock P/E---305
▶️ROCE---1.14 %
▶️ROE---1.12 %
Transaction en cours
T1 Hit. Trade fermée: cible de profit atteinte
T2 Hit and crossed. If closed above 298-300 can look for fresh entry or further addition to an existing position. 
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.