Zomato in resistance zone, but worth the BUY?!
Zomato is enjoying an amazing run since March end .
Coming from 48 to 80 [ approx 66% up] in a matter of less that 4 months.
Now it is facing a crucial resistance zone. Skies look clear above 85 , but even at 78.7 [today close] it presents a good risk to reward [RR] ratio , as this is the third attempt into the zone [[most ipo buyers exit at breakeven 76]. With a invalidation below 73 on a weekly basis.
Healthy target of 127-130 range , once we get a weekly close above 78-80.
Not investment advice. Personal thoughts and how I will be playing this.
Coming from 48 to 80 [ approx 66% up] in a matter of less that 4 months.
Now it is facing a crucial resistance zone. Skies look clear above 85 , but even at 78.7 [today close] it presents a good risk to reward [RR] ratio , as this is the third attempt into the zone [[most ipo buyers exit at breakeven 76]. With a invalidation below 73 on a weekly basis.
Healthy target of 127-130 range , once we get a weekly close above 78-80.
Not investment advice. Personal thoughts and how I will be playing this.
Nota
Boom! Close to 4R now on ZOMATO. Book 30% hereOperación cerrada: objetivo alcanzado
Nailed to perfection. 130 reached!!
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.