Predicting and Profiting from Zomato’s Decline

gann insides STOCKS UPDATE 1 Minute

https://ganninsides.com/2024/12/26/zomato-analyzing-a-potential-peak-and-predicting-downside-risk/

“Zomato has proven to be an intriguing trading opportunity. On December 26th, I identified the December 9th high of 304.7 as a potential medium-term peak. Based on this, I recommended a short trading strategy, either below 266 or upon a rebound towards 290. As anticipated, the stock rallied towards 290 before sharply reversing downwards. This decline swiftly breached the critical support level of 266, subsequently reaching our projected primary target of 244 today.”

Unknown's avatar

Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

Published

Leave a comment