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Zomatoforecast

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's Potential Trajectory: From 96 Breakout to 115+ Target**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 week, before retracing to around 99 Rs. Beyond this phase, the target could potentially surge to 115 Rs. or more, over an estimated timeframe of 3 weeks. Note: Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 100 2nd Target -->104/105 3rd Target --> 115 Thanks Kambi
NSE:ZOMATOLong
by kambi123
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