Namaste!
For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies (Netflix, FB, Etc)....
According to the Chart pattern it seems to breakout from the channel and therefore it can possible goes down to either Rs 61.5, within 1 week or soo on and if goes down than the nearest downfall seems to be 51.55 to 52, currently today it trading between Rs 63.30-63.5pa current day high Rs 64. invest or Trade by your own research or analyze I am just educating the...
For short term, it can be good buy for a target of 66. With a suitable SL
*Trade at your own risk. Not a advise, just a guess. Consult with your financial adviser
Zomato falling in triangle
After long fall
Just wait and watch for triangle breakout.
It's an analysis, not a trading advice, trade with your due diligence.
ZOMATO -- 1 HOUR CHART --SETUP -- INTRADAY --23/11/2022
1. ZOMATO 1 hour chart seen stock close at near trendline suppprot level.
2. stock above 55 hma as seen hull suit indicator when 15 min candle close above 64 level , BUY can initiate on intraday above 64 for target 65-66 stop loss 62.50
3. IF trendline support breaks bellow 62.75 , 15 min candle close...
ZOMATO --DAILY CHART SETUP- CONSOLIDATION BERAKOUT
1. ZOMATO seen trade at lower channel previously, bottom formation seen around 40 odd level .
2. Lower channel breakout seen above 60 level and stock consolidate 60 to 70 level, in last few weeks .
3. triangle pattern breakout as well as consolidation breakout seen last trading session with huge volume above...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Zomato Ltd (ZOMT) break out level 1Hr daily chart pattern
BUY above 62.50
Volume break out with storng volume and momentum.
Time to go long in Zomato
Thank you.
Strong Buy signal for LONG TERM because it has given a breakout with great Volume. Also Zomato has reduction in their loses.
It's my opinion on Zomato so please check on your side also. For more accuracy check fundamentals.
