NSE: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...
SWING TRADING 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.
Range Breakout ;Took Fib 0.5 Support for sometime & Breakout....
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...
ZOMATO 1 hour chart triangle pattern breakout. Plan your risk before taking any trade
It already formed a pattern for Long entry. In any case if it breaks the bottom blue line and support line then go for short till the Major support line
As the chart clearly showing the triangle pattern, so one can decide on the basis of breakout or breakdown of the pattern.
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 : No data on Zomato as just listed. Bust formed good pattern in 5 min chart.