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Zomato-Is it investment worthy now?

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
注释
T1 done.注释
T2 done as well! Heading towards 2x returns注释
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.交易结束:到达目标
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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免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。