Zomato - Broken the falling trend & in between the range
Hi
I am late to read this chart, it is evident that Zomato has broken the falling trend few days back, retested the same and now looking to reach ~60 or so. I have just purchased this on the current market Price.
Will probably look closely if this is a fakeout.
Also, the fib range from Jan 2023 are also giving an indication that the stock is not going below the Jan mid range, so this can also be a base test.
I am late to read this chart, it is evident that Zomato has broken the falling trend few days back, retested the same and now looking to reach ~60 or so. I have just purchased this on the current market Price.
Will probably look closely if this is a fakeout.
Also, the fib range from Jan 2023 are also giving an indication that the stock is not going below the Jan mid range, so this can also be a base test.
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