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Zomato

ZomatoZomato really surprised everyone with its results as its a much hyped script in all media... regular and social.... But in DEC it could not sustain above 291 291 is a strong resistance as u can see in the above chart. Now it has almost corrected 33% from its recent high of 305 Approaching a very strong support of 184-192.. Investors can start putting money in SIP mode near the above levels The next great support is seen at 176-180 levels. Happy Trading... Subscribe for more updates in ideas
NSE:ZOMATOLong
by emraldconsul
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. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:ZOMATOLong
by TraderRahulPal
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 Ltd. - Breakout OpportunityDate : 26-Nov-2024 LTP : Rs. 280.10 Targets: (T1) Rs. 298 --> (T2) Rs. 334 SL : Rs. 261 Technical View: • NSE:ZOMATO is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 298 on 24-Sep-2024, it has retraced 20% to 239.45 level. • NSE:ZOMATO has breakout from it's secondary downtrend with higher volume on 26-Nov-2024. • NSE:ZOMATO is trading above both 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 19-Nov-2024. • RSI is in buy zone and trading at 62.17. MACD is in bullish and trading at 2.92. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ZOMATOLong
by vicky252
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 // 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