ZOMATO Support & Resistance levels

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Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure​


Key Highlights:
Support and Resistance:

Support: ₹278.20 is a critical level where buyers may step in.
Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum​

Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows.
Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains​

Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential​
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