Greetings Folks,
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows-
- The price tried to break past the previous lower high which is considered a good sign for reversal
- the price might again try to break the high after a minor retracement which should be almost done at this point
- still i am rooting for a more safer entry by the zone i have marked in the chart
don't play with fire, always use a predefined stoploss
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows-
- The price tried to break past the previous lower high which is considered a good sign for reversal
- the price might again try to break the high after a minor retracement which should be almost done at this point
- still i am rooting for a more safer entry by the zone i have marked in the chart
don't play with fire, always use a predefined stoploss