ZOMATO - TREND REVERSAL
ZOMATO DAILY CHART - TREND REVERSAL SIGN
1. zomato has seen trend reversal last 2 trading session after sharp fall from 160 sub level to 75 level last 1-2 month stock consolidate at 75 - 90 level , 75 find as support and 90 as major resistance for this consolidation .
2. 1st trend reversal sign is MA , EMA Crossover around 78-80 level ,
3, 2nd trend reversal sign is price oscillator above 0 line
4. 3rd trend reversal sign is RSI move above 40 level
5. ONCE 90 level broken out stock into bullish zone for target 125-130 and trend continue then 140-150 level .
BUY ZOMATO @ 84
TARGET 90- 100- 125-130
STOP LOSS 70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk .!
HAPPY TRADING !
1. zomato has seen trend reversal last 2 trading session after sharp fall from 160 sub level to 75 level last 1-2 month stock consolidate at 75 - 90 level , 75 find as support and 90 as major resistance for this consolidation .
2. 1st trend reversal sign is MA , EMA Crossover around 78-80 level ,
3, 2nd trend reversal sign is price oscillator above 0 line
4. 3rd trend reversal sign is RSI move above 40 level
5. ONCE 90 level broken out stock into bullish zone for target 125-130 and trend continue then 140-150 level .
BUY ZOMATO @ 84
TARGET 90- 100- 125-130
STOP LOSS 70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk .!
HAPPY TRADING !
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