Zomato Ltd has come a long way to form a ascending triangle pattern while respecting the upward sloping trendline. The stock also seems to be outperforming NIFTY Index. RSI levels too support the stock to zoom up new levels and break its previous zones from where it fell sharply. On the charts it looks like a breakout is imminent in the near term.
Disclaimer: None of the posts here represent any buy/sell advice. Only sharing the analysis for educational purposes.
Disclaimer: None of the posts here represent any buy/sell advice. Only sharing the analysis for educational purposes.