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Zomato

ZOMATO 1D TFNSE:ZOMATO has been moving around a support zone for a long period of time. Now after taking support from the zone the price has moved up. A strong bullish candle along with strong volume suggests that the stock will move upward. Keeping the stoploss below the zone and having a risk-reward ratio of 1:1.5 the trade could be executed with a good winning possibility We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:ZOMATOLong
by Joassh
Zomato- Chart Analysis - UpdateZomato CMP:259.95; RSI:62.38; Gap created on charts is re-claimed. Any intraday down-swing below the 245 should be brought till the level of 235. At this point the weak hands in the scripts are removed in last 2 -3 weeks of consolidation. This gives a good opportunity for re-entry into the stock. Re-entry-level: between 234 – 245 Near Term Target: 285-290; Target 1: 309 ( 2 months)- Strech target: 345 -370 Stop Loss-229 (on closing basis) ✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
NSE:ZOMATOLong
by DrPrashantVerma
ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the current support and resistance levels for Zomato (ZOMATO) on a 4-hour timeframe: **Support Levels** 1. **Previous Low**: 58.00 2. **Fibonacci 38.2% Retracement**: 60.00 3. **200 SMA (Simple Moving Average)**: 62.00 4. **Fibonacci 23.6% Retracement**: 64.00 5. **Short-term Support**: 66.00 **Resistance Levels** 1. **Fibonacci 61.8% Retracement**: 68.00 2. **Previous High**: 70.00 3. **Fibonacci 78.6% Retracement**: 72.00 4. **Medium-term Resistance**: 74.00 5. **Long-term Resistance**: 76.00 **Notes** * These levels are subject to change as market conditions evolve. * These levels are based on historical data and may not be a guarantee of future price action. * These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels. **Current Market Conditions** * Zomato is currently trading in a bullish trend, with a series of higher highs and higher lows. * The stock is approaching the short-term resistance level of 66.00. * If the stock breaks above this level, it could potentially move towards the medium-term resistance level of 74.00. **Trading Strategies** * Buy at support: If the stock breaks below the short-term support level of 66.00, it could be a good opportunity to buy. * Sell at resistance: If the stock breaks above the short-term resistance level of 68.00, it could be a good opportunity to sell. * Trend following: Follow the trend by buying or selling based on whether the stock is moving upwards or downwards. * Mean reversion: Look for opportunities to buy when the stock is oversold and sell when it is overbought. Some key levels to watch in Zomato: * **Earnings**: The company has seen strong earnings growth in recent quarters, with some analysts expecting further growth in the coming quarters. * **Valuations**: The company's valuations have been relatively stable in recent months, with some metrics reaching moderate levels. * **Sector performance**: The company's performance is closely tied to the broader sector performance of the Indian technology sector. Remember to always use stop-losses and position sizing to manage risk when trading.
NSE:ZOMATOLong
by SkyTradingZone
ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the levels for Zomato (ZOMATO) based on a 4-hour chart: **Resistance Levels:** 1. 125.50 - 126.50 (previous high) 2. 128.00 - 129.00 (psychological level) 3. 130.50 - 131.50 (resistance zone) **Support Levels:** 1. 122.50 - 123.50 (previous low) 2. 120.00 - 121.00 (psychological level) 3. 118.50 - 119.50 (support zone) **Key Levels:** 1. 124.00 - a crucial level to watch for trend continuation or reversal 2. 120.50 - a potential reversal zone **Notes:** * Zomato is currently trading around the resistance level of 124.50. * A break above this level could lead to further upside momentum. * A break below the support level of 120.50 could lead to a reversal in the trend. * The levels listed are based on historical data and may not be valid in the future. Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions. Additionally, you can consider the following technical indicators to get a better view of the market: * RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone. * MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover. * Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility. Please consult other sources and consider multiple factors before making any investment decisions. It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions. In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
NSE:ZOMATOLong
by SkyTradingZone
BAJFINANCE Levels // 45 MinHello Everyone 👋 Overview: Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending, and investment services. The company was founded on March 25, 1987, and is headquartered in Pune, India. Stock Performance: 1 day: +0.63% 5 days: +1.97% 1 month: +1.55% 6 months: +3.14% Year to date: -7.61% 1 year: -4.73% 5 years: +102.41% Key Stats: Market capitalization: ₹4.17 trillion Dividend yield (indicated): 0.53% Price-to-earnings ratio (TTM): 27.80 Basic EPS (TTM): ₹243.30 Net income (FY): ₹144.51 billion Revenue (FY): ₹541.00 billion Technical Analysis: Bajaj Finance has been in a falling channel but recently showed a breakout above the channel. Consider monitoring the stock closely for further price movements.
NSE:BAJFINANCELong
by SkyTradingZone
AXISBANK Levels // 30 MinHello Everyone 👋 Stock Price: As of the last close, Axis Bank’s stock price was ₹1,165.95 INR, showing a decline of 0.34%. Support Levels: The stock dropped from ₹1,340 and is now nearing support at ₹1,160-1,150, including historical levels and the 200-day Simple Moving Average (SMA). MACD Signal: The Moving Average Convergence Divergence (MACD) suggests a potential reversal, indicating a buy opportunity. Upcoming Earnings: The next earnings report is expected around October 23 for Q2 2024. The estimated earnings per share (EPS) is ₹20.25 INR, and the revenue estimate is ₹195.84 billion INR.
NSE:AXISBANKLong
by SkyTradingZone
BAJFINANCE Support and Resistance Hello Everyone 👋 Pivot Points: Classic Pivot Points: Resistance 1 (R1): ₹6,650.37 Resistance 2 (R2): ₹6,684.38 Resistance 3 (R3): ₹6,712.77 Pivot Point: ₹6,621.98 Support 1 (S1): ₹6,587.97 Support 2 (S2): ₹6,559.58 Support 3 (S3): ₹6,525.57 Fibonacci Pivot Points: R1: ₹6,645.82 R2: ₹6,660.55 R3: ₹6,684.38 Pivot Point: ₹6,621.98 S1: ₹6,598.15 S2: ₹6,583.42 S3: ₹6,559.58 Camarilla Pivot Points: R1: ₹6,622.07 R2: ₹6,627.79 R3: ₹6,633.51 Pivot Point: ₹6,621.98 S1: ₹6,610.63 S2: ₹6,604.91 S3: ₹6,599.19 Relative Strength Index (RSI): The RSI (14-day period) helps identify overbought or oversold conditions in the stock. Interpretation: RSI below 25: Oversold RSI between 25 and 45: Bearish RSI between 45 and 55: Neutral RSI between 55 and 75: Bullish RSI above 75: Overbought
NSE:BAJFINANCELong
by SkyTradingZone
ZOMATO - Ichimoku Breakout📈 Stock Name - Zomato Ltd 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 184. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku
NSE:ZOMATOLong
by nikunjbhadja
ZOMATO - Breakout Setup, Move is ON..NSE:ZOMATO ✅ #ZOMATO trading above Resistance of 160 ✅ Next Resistance is at 190, 228 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ZOMATOLong
by Sandeep_Aggarwal