Zomato-Is it investment worthy now?
Actualizado
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
Comentarios
T1 done.Comentarios
T2 done as well! Heading towards 2x returnsComentarios
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.
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