✅ #ZOMATO trading above Resistance of 160
✅ Next Resistance is at 190, 228
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...
Watching this major resistance zone between 160 - 168, previously the price saw a major fall from this area, so we can expect a correction to 120Rs.
Important - this is not a financial advice, kindly do your own research before trading or investing.
This is an idea of one of the most famous listed new age company, Zomato
The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price.
What an amazing rounding bottom pattern!
This kind of breakouts are very powerful to give multibagger returns.
Keep in watchlist. Best buy range is 125-130
Stock gave breakout of rounding bottom price action pattern and also recently company declared net profit of 36 Cr.
Entry - 123 to 125
Target - 165.55
Stoploss - 101.65
This is not a buy or sell call, analysis is shared for educational purpose.
🍽️ Zomato Ltd., CMP: 130
Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding.
Anticipating Zomato to serve us a delightful dish at the 147 rupees point.
📉 SL Reference Guide:
For Stop Loss, refer to the...
EMS limited- A recently listed Electronics manufacturing company is showing strength on weekly charts. After retracing from recent highs the price bounced from fibbonacci 23.6% levels and is looking prime to touch recent highs. A buy above 500 with stop of 420.
1. Zomato looks good for a positional/swing trade.
2. Entry price and Stop Loss is marked on the chart.
3. This trading idea is only valid till next trading session. If entry doesn't execute in next trading day, it will be cancelled.
4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle...
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)....
NSE:ZOMATO continues to look strong and one can keep a stop loss at 114 and go long in this counter. The stock is in a good up-move. Zomato as a business is a duopoly and is now profitable as well. Looks good.
Trade Idea: With the current price at 116.50 Rs, if the Zomato stock manages to breach the immediate resistance levels(115 Rs), the next target is set at 125 Rs. This milestone could potentially be achieved within a span of 8-10 days. Following this accomplishment, the price might briefly touch around 135 Rs in approximately 2-3 week.
Note: Implement a...
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows-
- The price tried to break past the previous lower high which is considered a good sign for reversal
- the price might again try to break the high after a minor retracement which should be almost done at this point
- still i am rooting for a more safer entry by the zone i...
**Trade Idea:** If the price manages to breach the levels of 95.5 and 96, the next target is likely to be at 100 Rs. This could potentially be achieved within a span of 5-6 days. Following this achievement, the 100 Rs. mark might act as a psychological resistance point. However, there's a possibility of the price briefly touching around 104 Rs. in approximately 1...
Stock Name - Zomato Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 106
#This is not Buy and Sell recommendation to any one. This is for education purpose...
IT is retesting its 50 EMA area
wil it sustain is the question
Majority of counters like TECHM, PERSISTENT, HCLTECH, NAUKRI etc witnessed a downmove in the week gine by
with result on the way, woul be fun to watch what IT has in store