#bullish zone ''zomato signaling uptrend...( near support zone)

investing idea Observations and Analysis for $NSE:ZOMATO
1.Price Correction:
Zomato has seen a 26% correction, primarily due to market volatility. The price is approaching a strong support zone between ₹240-₹244, which presents a potential buying opportunity for long-term investing.

2.Entry Strategy:
Entry Zone: Wait for confirmation of price stability within ₹240-₹244 before entering a position.

🔴Stop-Loss: Set a strict stop-loss at ₹233.74 to minimize potential losses.

3.Target Levels:
🟢TP1: ₹255.55
🟢TP2: ₹262.90
🟢TP3: ₹279.10
🟢TP4: ₹286.45

4.Risk Management:
Use proper position sizing and risk management as the market remains volatile. Ensure you do not risk more than you can afford to lose.

🟠Disclaimer:-
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only. Please consult a professional financial advisor for personalized investment advice. Trade responsibly and at your own risk.

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