Zomato Stock Review And Analysis | Zomato Stock Chart Review & Zomato Share Fundamental and Techincal Analysis.
We will give you some pretty good insight into Zomato through this article and this will be updated often so that you can keep on your favorite stock. Zomato is has a good scope since it is facing the loss and not making good money. We have seen many ups and downs in the stock movement. What you will get in this article is, fundamental and technical aspects both will be covered in this. If we feel something is good about Zomato stock which investors should know. We will post that. You can bookmark this article for your own good. Otherwise, you will also get a pretty good analysis of Zomato stock chart analysis, and all the fundamental and technical analyses will be shared here.
Zomato company is always is in the news because of its share. Since Zomato's IPO came into the market. This food delivery company raised 9365 crores rupees from the IPO. It was one of the most valued IPOs. The company has not shown positive results and is still facing the issue of loss which is currently the main problem of Zomato.
Technical Perspective Of Zomato Share Chart
21-12-21
See the above picture for reference, you can see green lines they are indicating the range in Zomato. That's there since the stock has got listed on the exchange. Since then we saw a few fakeouts which are marked by yellow circles. Fakeout shows the strong force of opposition or pending orders.
Now, the price has come back to its previous range indicating a strong presence of sellers. Now stock can stay here for a period as stock price will face problems in going up. Zomato can face the problem at 144 level then a problem will come at 160 rs. On the other side, the stock does not have very strong support. The only support we have in Zomato is 125 range.