Updated
ZOMATO Hourly breakout looks solid for 280?
Zomato Breakout Alert 🚀
Zomato has broken through a key resistance level at ₹245, signaling strong bullish momentum. 📈
Volume Spike: The breakout is accompanied by higher-than-average volume, indicating strong buyer interest.
Next Resistance: The next major resistance to watch is around ₹261.
Support Level: Immediate support lies near ₹252, which was the previous resistance.
RSI: RSI is trending upwards but remains below overbought levels, suggesting further room for upside.
This breakout could set the stage for a sustained upward move. Keep an eye on the volume and overall market sentiment for further confirmation. 🚨
Zomato has broken through a key resistance level at ₹245, signaling strong bullish momentum. 📈
Volume Spike: The breakout is accompanied by higher-than-average volume, indicating strong buyer interest.
Next Resistance: The next major resistance to watch is around ₹261.
Support Level: Immediate support lies near ₹252, which was the previous resistance.
RSI: RSI is trending upwards but remains below overbought levels, suggesting further room for upside.
This breakout could set the stage for a sustained upward move. Keep an eye on the volume and overall market sentiment for further confirmation. 🚨
Note
ZOMATO first target done!Trade closed: target reached
All targets done upto 280.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.