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
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.
#ZOMATO given to our friends @ 58 Entry, and it reached 72.1 with is exactly 25% in just 5 days.
Perfect shot or #Snipershot entry, post crossing this level script never lookback.
Further levels updated for practice,
Happy LEarning !!
Zomato touched the strong demand zone that broke structure from downtrend to uptrend. Price reacted strong when the zone was touched and the volume was huge.
Mostly if NIFTY is positive on Monday, Zomato could change its trend and continue to rally.
Hi Traders / Investors ,
This is a Swing / Positional Trade.
I can see a bullish momentum in Zomato for following reasons :-
1) Resistance Level from ( 4 months ) got broke now acting as a Support.
2) Breakout with large bullish candle with increased Volumes.
3) As per Fibonacci , it is taking Support at 0.382 level which is good support with healthy...
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...
This break out trade can take the price even higher,
Get perfect entry, either in retracements or if it moves still higher grab the opportunity.
Target 1: 165
Target 2: 170,175,180
Note: It would be better if you entered before the moment achieved, Grab the opportunity if you get a retracement or any type of price action.
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...