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champtrade111
Jun 8, 2022 11:45 AM

ZOMATO --INTRADAY SETUP - 09/06/2022 Long

ZOMATO LTDNSE

Description

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 .!

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. !
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