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    Technical Breakout Stocks: BSE, Asahi India Glass and Zomato hit fresh record highs on Friday; what should investors do? – Market Summary



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    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)

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