Zomato share Buy , Sell or Hold on 26th July,2021

25 ก.ค. 2021

Zomato listed today with more than 65% return on its first day.
Volumes where very high and the share reached its highest point at Rs.138 in the opening hour

For 26th July, 2021
Resistance Zone-
1st Resistance is at 128
If first resistance is broken we can see the share reaching 132 + levels again
2nd Resistance is at 138 which is mostly unlikely to be broken

Support Zone-
1st major support is at Rs 123 levels
if it breaches 123 with a big bearish candle then it can fall upto 118
2nd major support is present at Rs116

Stock fundamentals are poor but it has a lot of hype which is driving the price at the moment
Definitely not a long term stock unless it posts profits but you can book intraday profits in case you can catch the volatility.