TheChartereds

Zomato: Your order is ready?

TheChartereds Updated   
NSE:ZOMATO   ZOMATO LTD
Here are things you should know:

- 14 months of pure sideways consolidation
- Clearly defined support and resistance
- 6 Week consolidation at the resistance zone makes the resistance weak
- Volumes have died out. That usually happens when the price consolidates
- Investing in such companies is a matter of trust and confidence in the company and its management. It may take a while for such innovative companies to generate wealth with long-term holdings.


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Initiating Liftoff🚀🚀🚀

Ek boost toh banta hai :)
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Another 13% Booster 🚀🚀
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22% In already !!!!!!!
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Zomato posted its first-ever net profit of INR 2 crore in Q1 FY24. The amount seems low but the transition from Negative to positive is enough to show investors that this business can be profitable.
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🚀🚀
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40% up since the analysis was posted.
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ZOMATO almost doubled !! that transition from a loss-making company to a profitable quarter made all the difference.
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