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.
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.
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...
Zomato Weekly nalaysis
Loosk Bigiies has bought zomato last week
Buy CMP 55
target 78- 90- 100- 140- 180- 220-260+
time duration 2-3 years
add more if get @ 40 rs range
SL below 25 candle closing basis
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.
🔴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...
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.
