Zomato Positional Trade Idea

Zomato has bounced off a strong demand zone around ₹210, confirming support from previous breakout levels. The bullish reversal setup signals potential upside.

Key Technical Levels:

Entry: ₹238 (Sustained breakout)
Target: ₹270+ (Next resistance zone)
Stop Loss: ₹215 (Below demand zone)
Technical Indicators:

RSI recovery from oversold levels, indicating momentum shift.
Price holding above TEMA (5,9,20) supports trend continuation.
Volume surge confirms strong buying interest.
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