ZOMATO - CUP & HANDLE - DAILY CHART
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ZOMATO - CUP & HANDLE - DAILY CHART.
Zomato seems to be making C&H pattern, Hammer candle formation at support level, which may also serve as the low of handle. It is right above 50 ema.
If it breaks the low of this Hammer then this pattern will not be valid, and it may take support at around 265 level.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Zomato seems to be making C&H pattern, Hammer candle formation at support level, which may also serve as the low of handle. It is right above 50 ema.
If it breaks the low of this Hammer then this pattern will not be valid, and it may take support at around 265 level.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
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