ZOMATO on 1Week TF has made a beautiful morning star candlestick pattern, which is known for start of a new Uptrend in any stock.
The stock is currently 42.53% away from 52 week high and 217% away from it's All Time High of ₹169
The stock has been saved from ₹45 zone twice and has made double bottom..
Recent Daily Volumes looking convincing as Volume is supporting Price i.e. Price and Volumes both are increasing simultaneously.
Entry can be taken on CMP of ₹53 and SL of ₹46
Targets will be ₹62 - ₹76 - ₹90 and ₹128
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
The stock is currently 42.53% away from 52 week high and 217% away from it's All Time High of ₹169
The stock has been saved from ₹45 zone twice and has made double bottom..
Recent Daily Volumes looking convincing as Volume is supporting Price i.e. Price and Volumes both are increasing simultaneously.
Entry can be taken on CMP of ₹53 and SL of ₹46
Targets will be ₹62 - ₹76 - ₹90 and ₹128
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.