ZOMATO to be added to your Watchlist for a possible break out!
1) ZOMATO is trading well above the listing price (115 to 138).
2) The stock is almost near it's All Time High of 169.
3) Moving Average Cross-Overs ( 20, 50, 100 & 200 ) indicate Positive Territory.
4) Consistent Volumes indicate good interest (Demand) in Stock.
5) Parameters from Fundamental Analysis also show improvement.
6) Worst Case Scenario Rs 65 on Down-Side (based on Fixed Range Volume Profile).
7) Current Trading Price is definitely not at 1kg Tomato Price (As has been the case before).
2) The stock is almost near it's All Time High of 169.
3) Moving Average Cross-Overs ( 20, 50, 100 & 200 ) indicate Positive Territory.
4) Consistent Volumes indicate good interest (Demand) in Stock.
5) Parameters from Fundamental Analysis also show improvement.
6) Worst Case Scenario Rs 65 on Down-Side (based on Fixed Range Volume Profile).
7) Current Trading Price is definitely not at 1kg Tomato Price (As has been the case before).
Note
8) So far High made is 278.7 .9) Long-Term story is intact.
10) Quarterly Results Confirm positive long-term prospects.
11) Long way to go.
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