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Is Zomato bottoming out? – Symmetrical triangle pattern

47-week premature base in the shape of symmetrical triangle is reflecting in Zomato chart. Though symmetrical triangles are not strong reversal patterns, but it came in existence after breakout of 34-week descending broadening wedge pattern.

You must take a look at: Zomato shares at Rs 100? Brokerages suggest up to 90% potential upside in the stock

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