Zomato-Is it investment worthy now?
Aggiornato
This is an idea of one of the most famous listed new age company, Zomato
The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price.
What an amazing rounding bottom pattern!
This kind of breakouts are very powerful to give multibagger returns.
Keep in watchlist. Best buy range is 125-130
The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price.
What an amazing rounding bottom pattern!
This kind of breakouts are very powerful to give multibagger returns.
Keep in watchlist. Best buy range is 125-130
Nota
T1 done.Nota
T2 done as well! Heading towards 2x returnsNota
If you look closely, the height of rounding bottom pattern was approx 110 points(45 to 155). 155+110=265 which is achieved today. 260-270 will be a strong supply zone for stock. If stock manages to sustain above it, we might see a mad bull run coming in stock for 5x-10x returns in coming years! Exciting time awaited for zomato.Trade chiuso: obiettivo raggiunto
As explained, we have seen stock sustain above 270.
T3 will be done and 2x returns completed. This stock has potential of 4 digit. Any dip should be an amazing opportunity to add. NOT A RECOMMENDATION.
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