Zomato is an Indian multinational restaurant aggregator and food delivery company ready for big rally. Recently they take over some of their competitor.
Now Zomato is ready for bi g move ahead of the quarterly results.
CMP : 193
SL : 182
TARGET : 200 / 210 / 221
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.
Hi Traders !!!
Zomato is good on the chart. The stock has taken support from 20 EMA and small swing trade of 52W high of 201 can be achieved with SL of 180.
Thank you !!!
Among E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
A perfect consolidation phase after breakout seen in zomato, can consolidate further for some days and then a boom can be seen in zomato. Trade with strict Sl
This is for educational purposes only, trade at your own risk
📈 Stock Name - Zomato Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 184.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's...
Zomato Price and Time squaring Technique Explained...
Explanation on Chart...
Price conversion to Time and
Time conversion to Price...
Both are interchangeable...
Here we are using Price to Time conversion...
Gann Theory equates One day to One Year....One Week also...
Squaring the Low Technique...
Zomato Low Price is converted to Time Number in weeks ..
The...
The stock has formed a rounding bottom pattern on daily timeframe and fundamentals are also supported by the technicals which makes it more attractive and reliable the company posted 3 positive quarters first time since inception , also acquiring blinkit turned the tables . the stock can give breakout in upcoming week or tomorrow and upon breakout it can reach to...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
NSE:ZOMATO
✅ #ZOMATO trading above Resistance of 160
✅ Next Resistance is at 190, 228
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
Watching 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
This make Rounding bottom pattern . with 52w high .
for risky trader best for swing trading.its good stock for huge market capital but
investors you look is good for swing trading becoz of
FIIs holdings 54% stacks
DIIs holding 16%
Public holding 28%
other 1%
for short time .
respect SL ... like me of discipline trader
large multicap company ....
After long years of continuous loss-making company finally showed a profit on the balance sheet. Good to know and a good time to invest too.
I have invested at the 83 level now looking for the 115 level.
It is a totally risky trade and it is my view on Zomato. I can wrong any point of time so please do your own study before any trade.
This is an idea of one of the most famous listed new age company, Zomato
The stock had listed at 2x of issue price(around 70) and later on went to about 50% of issue price and now again standing at 2x of issue price.
What an amazing rounding bottom pattern!
This kind of breakouts are very powerful to give multibagger returns.
Keep in watchlist. Best buy range is 125-130
