Zomato | Cup and Handle Pattern Breakout

 


Zomato | Cup and Handle Pattern Breakout

Stock Name: Zomato

Pattern: Cup and Handle Pattern Breakout

Time Frame: Daily

Observation:

The stock has almost fell 65% from their 52-week high. The stock has now formed a base and has taken support and formed Cup and Handle Pattern on daily time frame. The stock has already given a strong breakout of the pattern with good volume build up, we can except the stock to pick-up good upside momentum till the level of 90.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.  


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