Zomato Ltd has reached a significant milestone, hitting a 52-week excessive and recording one in every of its strongest closing ranges to date.
The inventory continues to commerce with bullish momentum, as mirrored within the formation of a bullish Marubuzo candlestick within the newest session, indicating continued shopping for curiosity.
Moreover, the inventory not too long ago broke out of a head and shoulders backside sample, additional confirming the constructive technical outlook.
From a momentum perspective, the Relative Power Index (RSI) is trending above its transferring common and better, indicating that upward momentum might persist within the close to time period.
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