ZOMATO 1 hour chart triangle pattern breakout. Plan your risk before taking any trade
Zomato breakout in out side swing Expect upside towards 137 in few days ,
It already formed a pattern for Long entry. In any case if it breaks the bottom blue line and support line then go for short till the Major support line
Zomato is facing important fibo levels. Not in a aggressive mood to buy right now. Just keeping a keeping a eye on the stock. Please do tell me your views on this stock. What are you entry levels ??
Zomato listed on 23/5/21 and then creating life time high of 148 and now it has created a SYMMETRICAL TRIANGLE PATTERN on 2H chart . Now zomato can give either side breakout. for upside it can create a new lifetime high or can break its low of 116. A very impressive either side breakout can happen with huge volume.
As the chart clearly showing the triangle pattern, so one can decide on the basis of breakout or breakdown of the pattern.
This is just for education purposes. Do your self-analysis enter the NSE:ZOMATO stock at the right price for good returns. "Zomato up 85% after listing UBS, JM Financial start coverage with a buy rating. Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next year from the July 29 close of Rs 141" The source is Jefferies for...
In continuation of the series, even though I am moving from the IPO subject, I am not yet out of Zomato. The reason being that it actually made me think of a new variant of Investing, that I would like to call as Logical Investing. Please note that you may/may not find such an investment in the books available on the subject - so if you already think this is...
For the purposes of writing this series, I have assumed that the reader is not having a large capital base as, given the current scenario, an average person would find it hard to release funds that can be used for trading / Investing. Tax definition of Trading & Investing In a very simple manner, the key difference between Trading and Investing can be explained...
Candle stick = 1 Hour Time Frame = Max. Candlestick Pattern Observed : Inverted Hammer. Indicates : Reversal in Trend
There has been a fall of more than 5% after 2 days rally. Can be profit booking. The day has closed to an important level. If it breaks the zone we can see some more downfall.
ZOMATO : No data on Zomato as just listed. Bust formed good pattern in 5 min chart.
Dear All, As Zomato was listed on Friday and we have only 1 Day chart on this. Here I have discussed a simple trick to trade Zomato for coming days. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades...
retracement after breakout seems over. second leg of uptrend might begin now
If Zomato's business grows, there's a chance they will require motorcycles. Hero and Bajaj are two leading two-wheeler makers. They also have stakes in EV companies. Another level of looking at it is to look at battery stocks which might also be an interesting proposition. What do you feel?
I personally don't like the financials of loss-making zomato, but don't want to miss the chance to capitalize on this unicorn listing! general fact- Info edge bought zomato for 1.16 rupees per share! TGT< ENTRY AFTER RETEST < SL all marked in the chart!
5180 is 0.5 Fib level and a crucial support for Info Edge. Could come for a retest make a higher low and then off to make a newer high !