ZOMATO#ZOMATO
- WAIT FOR COMPLETE THE CHART PATTERN
- BEFORE INVESTING
- Short Prosition
- BRACK THE gapfilling line
Zomatoshort
ZOMATO WEEKLY PROJECTIONWatching this major resistance zone between 160 - 168, previously the price saw a major fall from this area, so we can expect a correction to 120Rs.
Important - this is not a financial advice, kindly do your own research before trading or investing.
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.
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.
Zomato Ltd.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 Unstoppable, as we know Zomato Advertising its product in Youtube or tv and due to this Zomato looks Stronger and really Zomato Captured Indian Market In buying Food Products, in Future this company make Good Profits. If you're thinking for buying Zomato then Must Buy and you can hold it for future may be it will double or 3X your portfolio in next few months, but i recommend to buy and sell, Buy and Sell Continuously you'll make good profits in it.
Zomato: BUY, HOLD OR SELL?As the chart clearly showing the triangle pattern, so one can decide on the basis of breakout or breakdown of the pattern.
ZOMATO : Go Breakout or Breakdown? ZOMATO : No data on Zomato as just listed.
Bust formed good pattern in 5 min chart.
