Zomatoipo
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.
Positional Trade | ZOMATONSE:ZOMATO
On daily Time frame it has made double bottom pattern and yesterday it gave breakout of neck line which is placed near 140 level.
Please refer below chart : Daily time frame.
Any dip above 140 level will be buying opportunity.
Short term target will be 153.50/155 level.
SL will be 137.
Please refer below chart : Daily time frame, for trade levels.
Zomato Ltd.As i think Zomato Ltd. is New in Market and around Every Investor Added this stock in there Watch List, that's why it's most active by Volume and it's Movement is very fast and Highly Active UP & Down, Yes Zomato is Not very Financially Strong Like "TATA" or "HDFC", and it's Ballance Shit is also not good, may be there is Risk in Long Term, But Currently Zomato is Unstoppable, as we know Zomato Advertising its product in Youtube or tv and due to this Zomato looks Stronger and really Zomato Captured Indian Market In buying Food Products, in Future this company make Good Profits. If you're thinking for buying Zomato then Must Buy and you can hold it for future may be it will double or 3X your portfolio in next few months, but i recommend to buy and sell, Buy and Sell Continuously you'll make good profits in it.
Zomato Ascending Triangle patternThis 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 the above-mentioned message
Zomato share Buy , Sell or Hold on 26th July,2021Zomato listed today with more than 65% return on its first day.
Volumes where very high and the share reached its highest point at Rs.138 in the opening hour
For 26th July, 2021
Resistance Zone-
1st Resistance is at 128
If first resistance is broken we can see the share reaching 132 + levels again
2nd Resistance is at 138 which is mostly unlikely to be broken
Support Zone-
1st major support is at Rs 123 levels
if it breaches 123 with a big bearish candle then it can fall upto 118
2nd major support is present at Rs116
Stock fundamentals are poor but it has a lot of hype which is driving the price at the moment
Definitely not a long term stock unless it posts profits but you can book intraday profits in case you can catch the volatility.
A Simple Trading Idea to Trade ZomatoDear 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 given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
A different take on Zomato's IPO and its impact on cosIf 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?