Long
Chart of the week!
Zomato has given a double bottom pattern 'W' breakout this week. This is a very powerful and sustainable trend reversal pattern. Therefore, in my opinion, a position could be made in the stock considering the down trend is over. This is a very sweet spot and one should invest periodically in this stock.
CMP - 77.6 W (9/6/23)
T - 85, 100, 115 W
SL - 71 W
CMP - 77.6 W (9/6/23)
T - 85, 100, 115 W
SL - 71 W
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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.