ZOMATO --INTRADAY --SETUP AT HOURLY CHART
1. Trendline breakout seen at hourly chart last hourly candle with volume
2. At 50% Fibonacci retrenchment breakout done from low recent 50 and recent high 80 , 50% Fibonacci level comes at 65 level breakout seen from same level
3. selling volume decrease as histogram seen last hourly candle
4. trend reversal is possible from this level again for intraday target 68-70 positional target 75-80
5. RSI at 47 mid range level daily chart, MACD above center and signal line
BUY ZOMATO @ 67.15
TARGET 68-70-72
stop loss 65
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING .!
1. Trendline breakout seen at hourly chart last hourly candle with volume
2. At 50% Fibonacci retrenchment breakout done from low recent 50 and recent high 80 , 50% Fibonacci level comes at 65 level breakout seen from same level
3. selling volume decrease as histogram seen last hourly candle
4. trend reversal is possible from this level again for intraday target 68-70 positional target 75-80
5. RSI at 47 mid range level daily chart, MACD above center and signal line
BUY ZOMATO @ 67.15
TARGET 68-70-72
stop loss 65
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING .!
Comment:
ZOMATO TARGET 1- 68 HIT 3.10 pm
Comment:
intraday high 69.30 at 3.12 pm
Comment:
profit book intraday at above 68.75
HAPPY TRADING. !
HAPPY TRADING. !