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Zomato analysis : it seems stock has completed 5 waves cycle from low of 40 till high of 126.50 and gave us new wave-1 at 126.50 and from 126.50 stock is in middle of wave-2 correction which ideally should fall till 90 minimum and max 83.50 to 69.82 and anywhere near this levels should completed wave-2 and starts new wave-3 so those having this stock in hand should look to book profit or exit the stock and look to buy on dips at given levels #note if stock moves above 126.50 and gives 2-3 days close then I will have to revist the wave counts whereas if it does not give a close above 126.50 then this wave counts remains active and stock can fall till given levels
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