It's simply the best time to exit ZOMATO according to me. I have updated the wave counts for your reference. It's most likely to form a WXY pattern on a cycle degree. Wave Y may form ending diagonal in 5 wave formation with a downside of upto 26 level. A fall of around 73% from CMP. I am just sharing my views here. You do your own due diligence before taking...
Poor fundamentals will lead to a massive fall ahead. Around 25% upside left upto 90-95 levels before a 75% fall towards 22.50 level. This is not a trade recommendation. Hope you find my insight helpful. Do your own due diligence before taking any action. Peace!!
Mcap 45,000 Cr Road to Profitability : Never Dont get fooled by the Q3 profit numbers in the light of crashing share prices by the few of these charlatans. Already down 50% from teh listing date. DoorDash, teh US listed entity in food delivery is down 80% from $250 to $60. Order food here till they close down but stay away from the scam.
this is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
Zomato is a SELL because: - Promoters Selling - No Moat in business - Valuations High
This is very risky stock so just consider for learning purpose. My view is just technical analysis you can check fundamental analysis in details. Risk Management is important than setup Manage your risk Channel Learning Very Volatile and Risky stock if day candle close above 68 Target 1: 85 Target 2: 94 Rejection from channel then short Target 1: ...
Zomato give a very bullish signal due to its breakout of head &shoulder pattern and trend line break soo buy it above 64.5 Our target 67.5, 70.50, 73.2, 75.75 Sl 57
This Technical Analysis clearly said Zomato now free fall this fall continue up to near 20