ZOMATO --at Lower Channel Breakout ZOMATO -- DAILY CHART --Near lower channel breakout .
1. ZOMATO seen near lower channel breakout at last daily closing candle .
2. After correction from 72-75 level stock fall towards 44 level and pullback seen from this level .
3. Last closing candle is heikin ashi DOJI CANDLE . near channel breakout level .
4. ENTRY above doji candle for confirmation 15 min Closing candle above 54 , positional target 58-62-66 ( 1-2 month)
Stop Loss bellow support at 45
5. Posotive crossover seen RSI , ema at pullback level. and moving upword direction.
6. Stock currently trading above 21, 44 HMA.
THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk.!!
HAPPY TRADING, !!
Zomato
Short Zomato to get short term Target of 61.45, 2nd T - 51.55According 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 chart pattern that I observed.
ZOMATO --INTRADAY SETUP - 23/11/2022ZOMATO -- 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 bellow 62.75 for confirmation short position can initiate for target 62-61
4. wma RSI line near oversold level at hourly chart so short position should take after 15 min candle confirmation only bellow 62.75
5. pullback is expected at oversold level so Buy IS favorable the short position at better risk to reward ratio.
** THIS IDEA IS FOR EDUCATIONAL PORPOSE .. trade at own risk !!
HAPPY TRADING !!
ZOMATO --CONSOLIDATION BREAKOUTZOMATO --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 65-72 level . and stock close above 72 level last trading session, indicate stock ready to move upword from consolidation phase .
4. trix crossover seen from center line ( 0 line ) is also strong bullish indicator.
5. one can initiate BUY above 70 level for target 75-80-85-90 short to mid term, stop loss can place bellow consolidation support at 59
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..! TRADE AT OWN RISK .
HAPPY TRADING ,!!
Zomato - Gave a breakout🔴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 its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
07/10/2022 Research Report For ZomatoDisclaimer:
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 financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy @ C.M.P (Current Market Price)
Target 1:- 80
This Pevious Research Report Will Also Be Real:-
ZOMATO -- INTRADAY SETUP -- 18/07/2022ZOMATO -- HOURLY CHART -- INTRADAY SETUP -- 18/07/2022
1, Zomato seen pullback from 54 sub level to 61 level, now stock seen sharp correction from this level stock trading at same pullback level retest
2. HOURLY chart seen oversold level, RSI moving up now showing upward direction sign of trend reversal after correction
3. after heikin ashi consecutive red bearish candle trend reversal doji form at last hourly closing candle which is sign of trend reversal
4. Trend reversal confirm after next candle close above body of doji candle so BUY initiated above doji candle on intraday
5. BUY intraday above 54.25 ( 15 min / 1 hour candle should close above 54.25 ) For target 55-56-57 Stop loss bellow last hammer candle
6. for trade advise to use hekin ashi candle for following same chart pattern and trade setup
7. stock seen bullish above 54.25 and bearish formation candle close bellow 52.75
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .11
ZOMATO --INTRADAY SETUP - 09/06/2022ZOMATO --INTRADAY --SETUP AT HOURLY CHART
1. Trendline breakout seen at hourly chart last hourly candle with volume
2. At 50% Fibonacci retrenchment breakout done from low recent 50 and recent high 80 , 50% Fibonacci level comes at 65 level breakout seen from same level
3. selling volume decrease as histogram seen last hourly candle
4. trend reversal is possible from this level again for intraday target 68-70 positional target 75-80
5. RSI at 47 mid range level daily chart, MACD above center and signal line
BUY ZOMATO @ 67.15
TARGET 68-70-72
stop loss 65
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING .!