Zomato. Bullish Pattern. Cup and Handle. Target 218+. SL 191.

2024年7月1日

Technically, a very nice consolidation of 3 months. Breaking on the upside, and a very good close on 01/07/2024.

Buy here, around 200-205. Stop loss 191( below the low of the handle). And targets of 218 and beyond based on reward/risk ratio of 2:1.

Only for educational purposes

2024年7月10日

註釋

Update 10/07/2024: Price action is very positive. Consolidation above the breakout levels of 200-205. Bullish candle today. Any daily close above 214, the stop loss will be trailed to 198 and further small quantity can be added.

2024年7月11日

註釋

Update 11/07/2024 14:23. Good breakout move on hourly time frame. Holding trade, with new trailing stop loss of 204.

2024年7月15日

註釋

15/07/2024 11:33 am.
Booked partial profits @ 227.5. Carrying the rest.

2024年8月2日

註釋

02/08/2024 9:45 am.
Booking most of my profits. 80% of original trade size booked.

2024年8月2日

註釋

New Stop loss of 224.