Zomato Back in Action: A Perfect Setup for Swing Traders!Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a perfect swing setup in Zomato, which is Trading just near to huge demand zone, Let's start:
Zomato’s chart is painting an interesting story for those who enjoy digging into technical setups. The 226-240 demand zone has once again proven its importance, acting as a strong support level where buyers historically step in and push the stock higher. We’ve seen this play out before, with upward swings of 15.27%, 23.05%, and 26.29% in the past, each starting from this very zone. Now, with the gap being filled and the stock back in this critical area, it feels like history might just repeat itself, offering an exciting opportunity for a potential reversal.
Adding to this optimism is the RSI indicator, which shows the stock has reached oversold territory something that has often been a precursor to strong rebounds. If the stock follows its historical pattern, we could see targets of 278, 298, and even 320 in the near future, marking a potential upside of over 31%. However, no strategy is complete without managing the risk, and that’s where a well-placed stop-loss at 226 comes in, just below the demand zone.
Hello guy's while this setup looks promising, remember that no analysis is foolproof. Always take the time to do your research and make decisions that align with your risk tolerance and goals.
Fundamental Ratio:-
Market Cap
₹ 2,35,171 Cr.
Current Price
₹ 244
High / Low
₹ 305 / 122
Stock P/E
317
Book Value
₹ 24.1
Dividend Yield
0.00 %
ROCE
1.14 %
ROE
1.12 %
Face Value
₹ 1.00
Industry PE
46.1
Debt
₹ 1,159 Cr.
EPS
₹ 0.84
Promoter holding
0.00 %
Intrinsic Value
₹ 45.2
Return over 5years
%
Debt to equity
0.05
Net profit
₹ 742 Cr.
Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
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