Zomato cmp 234.54 by Daily Chart viewZomato cmp 234.54 by Daily Chart view
- Support Zone at 217 to 224 Price Band
- Resistance Zone at 244 to 252 Price Band
- Gap Up openings and Gap Down opening are closed since July2024
- Weekly Support at 214 > 192 > 171 with Resistance at 256 > 274 >>> ATH 304.70
- Breakouts above Rising Support Trendline and Falling Resistance Trendline seem sustained
Zomatolong
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)
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Zomato Ltd. - Breakout OpportunityDate : 26-Nov-2024
LTP : Rs. 280.10
Targets: (T1) Rs. 298 --> (T2) Rs. 334
SL : Rs. 261
Technical View:
• NSE:ZOMATO is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 298 on 24-Sep-2024, it has retraced 20% to 239.45 level.
• NSE:ZOMATO has breakout from it's secondary downtrend with higher volume on 26-Nov-2024.
• NSE:ZOMATO is trading above both 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 19-Nov-2024.
• RSI is in buy zone and trading at 62.17. MACD is in bullish and trading at 2.92.
• Looking good to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
ZOMATO ZOMATO is currently approaching the support area around 230. A potential bounceback is expected at the 230 price level.
ZOMATO 📈 Possible heading to 248 ( 20th May) 321 ( 12th Aug )
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Zomato's Growth Odyssey: Breaking Boundaries from 115 to 135 RsTrade 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 well-defined stop-loss strategy to manage risk effectively.
1st Target --> 125 Rs
2nd Target --> 135 Rs
3rd Target --> in next post
Thanks,
Kambi
#ZOMATO LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows-
- The price tried to break past the previous lower high which is considered a good sign for reversal
- the price might again try to break the high after a minor retracement which should be almost done at this point
- still i am rooting for a more safer entry by the zone i have marked in the chart
don't play with fire, always use a predefined stoploss
Zomato Weekly nalaysis Loosk Bigiies has bought zomato last weZomato 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 BREAKOUTzomato released a breakout.Looking for price to reach 100 and more upside, as we did broke the weekly resistance zone.
Zomato a long call (Heading towards 75)Zomato has given a Breakout after an acclamation phase (Heading towards 75) and can turn out to good swing trade.
SL will be 63 rupee
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.
07/10/2022 Research Report For ZomatoDisclaimer:
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 financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy @ C.M.P (Current Market Price)
Target 1:- 80
This Pevious Research Report Will Also Be Real:-
Zomato Ltd (ZOMT) break out Zomato Ltd (ZOMT) break out level 1Hr daily chart pattern
BUY above 62.50
Volume break out with storng volume and momentum.
Time to go long in Zomato
Thank you.
ZomatoStrong 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 here is my daily, weekly, and monthly trade analysis for zomato stock. the fundamentals are as well supporting.
ZOMATO LevelsNSE:ZOMATO
#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 Analysis - Pure price Action - Intraday Trade 25-04-2022.A multiframe analysis of ZOMATO. Gives a long Entry signal if it give a good retesting.
Please wait for Retesting.
Please Share your thoughts.
Thank YOU
Zomato - Might 🚀🚀🚀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.
Zomato for Target upto "190"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 retracement.
4) As per RSI indicator, it is above 60 level which is considered bullish.
Giving a Risk to Reward of 1:5 , with staggering returns upto 26% ,
Entry - 153 -154 level
Stoploss - 145 level
Target - 194 level
This is just an analysis so don't take any decisions solely based on this.
Please give thumbs up if liked this analysis, as it requires deep research.
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.
