Zomato - Symmetric Traingle formationZomato is forming Symmetric triangle on a daily timeframe and taken support on weekly timeframe support trendline.
It has also hit its resistance many times.
Lets observe it for few days.
ZOMATO trade ideas
Ascending triangle pattern formation in zomato nearing breakoutZomato Chart is forming An ascending triangle pattern. If it breaks out and sustain above 152 , a long position can be initiated. First target would be 170-175
Zooming zomato Lelo lelo 10 saal ke liye. Are aur kya batau, app log bhi chart dekh sakte ho. Mene toh idea vala feature trail keleiya daal diya hu. Bye take care
ZomatoIt s go like rock, u will buy it when the target is 175 it's not I am telling money control give the 🎯target. When break it the triangle pattern u buy it
ZOMATO ANALYSIS | Hold or Exit?In this video i discuss some improtant levels for Zomato. Shall you hold it or make new position?
Zomato Breakout 😍After consolation for weeks, zomato had given a brrakout with huge volume. Time to go long on zomato
Zomato - BullishVCP breakout possible
can possibly go again upto 165-70 levels
view negated below 130
Zomato chart analysis** Posting my opinion - Any difference of opinion is welcome **
Why to invest:
1. Moving towards 132 levels (good support).
2. At the brink of channel pattern.
3. Very tight SL
Why not to invest:
1. No big volume seen recently.
2. Fundamentally weak.
Take your own call.
ZOMATO Chart Analysis both opportunityZomato have both side opportunity and We can buy above 146 and sell below 129
Important level for zomatoZomato is forming a kind of symmetrical triangle and taking support and facing resistance at the trendline.
Disclaimer:- This is only for educational purposes please do your own analysis before investing hard-earned money.
zomato swing trade @ buy at support 🚀🚀Swing Trade 🚀
Buy zomato (130-132) near Support Line 🚀
Target - 155 (Resistance line )🚀
A Zomato Analysis.Hello there!
what an upward trend it is to see.
Resistance at 147 levels, Support at 135 levels.
But!
Is it overpriced for the kind of industry it is in? well, a company that has burnt nearly $2 Billion to get to a stage where it is today, and still is in requirement of cash to survive/grow in the future, May be, Yes!
I agree market's optimistic about the future.
However, here are some problems that I think will have an impact on the growth of the company.
No Company ( From DoorDash to Zomato ) in this industry has figured a way out to be profitable till date.
Threat of New Entrants like Amazon Food.
The growth seems in hands, when I think the following situation favors Zomato.
1) Rise in the Per capita GDP of INDIA. (More the discretionary income, More are the chances that an Individual orders Online)
2) Digitalization - India's Internet penetration rate stood at around 50 percent in 2020, it meant that nearly half of the population of 1.37
billion people had access to internet. (Not even comparing with China now.)
3) Eating Habits - A pre-disposition on the part of the populace, to eat out. (you know, "Ghar ka khana")
The size of the food delivery market in future years will be determined by how robustly the Indian economy will grow in the next few years, how quickly digitization continues its advance in the country and if and whether we become more open to eating out than we have historically.
ZOMATO - Darvas Box Breakout Retest + 2 Inside Bars
The stock declined after breakout on good volume, only to retest the BO zone. It has made 2 inside bars at the breakout point on very low volume. Likely to pick up from here. Offers very good RR.
