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
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...
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...
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...
Zomato 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
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...
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.
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...
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?