Zomato Ltd has reached a significant milestone by hitting its 52-week high and recording one of its strongest closing levels to date.
The stock continues to trade in a bullish momentum, as reflected by the formation of a bullish Marubuzo candlestick in the latest session, signaling sustained buying interest.
Additionally, the stock has recently broken out from an inverse head and shoulders pattern, further confirming a positive technical outlook.
From a momentum standpoint, the Relative Strength Index (RSI) is trending above its moving average and moving higher, indicating that upward momentum is likely to persist in the near term.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
