Zomato Ltd. (ZOMATO) Elliott Wave Analysis: Bullish Structure Intact
Zomato maintains a strong bullish Elliott Wave outlook. The daily chart suggests that wave IV has likely ended, paving the way for the final advance in wave V. This rally is part of a long-term impulsive cycle that began near ₹44.59—also the key invalidation level.From the 2022 lows, the stock developed a clean five-wave impulse, which culminated in a major wave III peak. Afterward, a deep correction unfolded as wave IV, forming a classic ((A))-((B))-((C)) zigzag structure. This corrective move concluded with a clear five-wave decline into the bottom of wave ((C)), signaling the end of the correction.
Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.