Zomato in down trend a trap or opportunity?
Zomato Ltd's overall expenses for the quarter increased more quickly than its revenue, causing Zomato Ltd.'s Q3 FY25 net profit to drop more than 66% from the previous quarter to Rs 59 crore. Zomato's October–December 2024 revenue reached Rs 5,405 crore, a 13 percent increase over the previous quarter.
Zomato has been in a downtrend since it reached 300 level in the first week of Dec 2024.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
Resistance levels: 263, 285, 304
Support levels: 239, 226
Zomato has been in a downtrend since it reached 300 level in the first week of Dec 2024.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
Resistance levels: 263, 285, 304
Support levels: 239, 226
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