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Zomatolong

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. Like the analysis? Boost/Like this idea and follow my ID. 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.
NSE:ZOMATOLong
by vicky252
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) ✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
NSE:ZOMATOLong
by DrPrashantVerma
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
NSE:ZOMATOLong
by kambi123
1
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.
NSE:ZOMATOLong
by PrakWorld_Traders
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:-
NSE:ZOMATOLong
by india_market
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.
NSE:ZOMATOLong
by DhRuV0007