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.
#Zomato #TechnicalAnalysis #SwingTrade #StockMarket
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.
#Zomato #TechnicalAnalysis #SwingTrade #StockMarket
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.