Get started
ZOMATO LIMITEDZOMATO LIMITEDZOMATO LIMITED

ZOMATO LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

ZOMATO trade ideas

Zomato Ltd (NSE: ZOMA Technical Analysis and Potential Trad Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes. Key Observations: Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside potential. Key levels to watch are the 1 level at ₹240 (support) and the current level around ₹269, with possible resistance near ₹284. Indicators: MACD: Positive crossover with rising histogram bars, indicating bullish momentum. RSI: RSI is trending upwards and is above 57, suggesting increased buying interest without being overbought. Volume: Volume spike confirms the breakout from the channel. Trade Idea: If the stock sustains above ₹269, it may continue to rise, with immediate resistance around ₹284. A sustained close above this level could confirm the uptrend. Stop-loss can be considered near ₹254.83 (recent support). Disclaimer: This analysis is provided for educational purposes only and should not be considered as financial advice. All trading involves risk, and you should conduct your own research before making any investment decisions. I am not a licensed financial advisor, and this idea reflects only my personal opinion and analysis based on publicly available information.
NSE:ZOMATOLong
by Falcon_Insights
Zomato Ltd (NSE: ZOMA Technical Analysis and Potential Trad Zomato is showing a breakout from a descending channel on the daily chart, signaling a potential bullish trend reversal. The stock has risen above the resistance level, with strong buying momentum indicated by recent volume spikes. Key Observations: Fibonacci Levels: The price has surpassed the 0.618 Fibonacci retracement level, suggesting further upside potential. Key levels to watch are the 1 level at ₹240 (support) and the current level around ₹269, with possible resistance near ₹284. Indicators: MACD: Positive crossover with rising histogram bars, indicating bullish momentum. RSI: RSI is trending upwards and is above 57, suggesting increased buying interest without being overbought. Volume: Volume spike confirms the breakout from the channel. Trade Idea: If the stock sustains above ₹269, it may continue to rise, with immediate resistance around ₹284. A sustained close above this level could confirm the uptrend. Stop-loss can be considered near ₹254.83 (recent support). Disclaimer: This analysis is provided for educational purposes only and should not be considered as financial advice. All trading involves risk, and you should conduct your own research before making any investment decisions. I am not a licensed financial advisor, and this idea reflects only my personal opinion and analysis based on publicly available information.
NSE:ZOMATOLong
by Falcon_Insights
Zomato : Head n Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in Zomato. If price breaks down below 240 then go short with Stoploss of 265 with tgt of 190-185. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:ZOMATOShort
by maneeshaggarwal
ZOMATO 1D TFNSE:ZOMATO has been moving around a support zone for a long period of time. Now after taking support from the zone the price has moved up. A strong bullish candle along with strong volume suggests that the stock will move upward. Keeping the stoploss below the zone and having a risk-reward ratio of 1:1.5 the trade could be executed with a good winning possibility We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:ZOMATOLong
by Joassh
Zomato reversing from support with a Bullish Engulfing!✅At support and reversing with bullish engulfing. ✅Strong candle. ✅Stock tends to respect 50 DMA and ride on 50 DMA. ❗️Trading below 50 DMA. ❗️Overall market structure needs to improve further and more confirmation is required. The risk of a potential downtrend still exists. Please consult your financial advisor before investing. This is not a trade recommendation. ▶️Market Cap---₹ 2,26,122 Cr. ▶️Current Price---₹ 256 ▶️Stock P/E---305 ▶️ROCE---1.14 % ▶️ROE---1.12 %
NSE:ZOMATOLong
by sagartharayil
PRIZE NEAR VERY IMP SUPPORT - DECISIVE GAP / ZOMATOPrize has made a Double bottom pattern with a good bullish candle RIGHT at GAP area with decent volume and bullish divergences in 1 hr chart . The Weekly / Monthly trend of zomato is still intact and is bullish . With recent prize action which is happening , it can be said that unless gap is filled , zomato is likely to be bullish. Recent targets of zomato can be nearest resistance and one may change the view to bearish once the gap is Filled
NSE:ZOMATO
by shikhar_kashyap2
1
Zomto -4-Strong Chart-AccumulateZomato CMP:194.40; RSI: 55; Zomato chart structure seems to be very strong, it’s a good buy at the current market price (range of 188-195) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis. The various swing targets for the script are- Target- 1- 212-215 ; Target-2- 226-230; While the final Target on charts is seen at Rs 285-290 level. Script will face major resistance at 246.5 level before marching towards the final target. ✅If you resonate with the Ideas, pls Share, Like & boost ideas and follow to never miss a new idea!✅
NSE:ZOMATOLong
by DrPrashantVerma
1
ZOMATO added to watchlist for technical and fundamental trackingHello traders , here is the full multi time frame analysis for this STOCK, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
NSE:ZOMATOLong
by okako_trading
1
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 // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the current support and resistance levels for Zomato (ZOMATO) on a 4-hour timeframe: **Support Levels** 1. **Previous Low**: 58.00 2. **Fibonacci 38.2% Retracement**: 60.00 3. **200 SMA (Simple Moving Average)**: 62.00 4. **Fibonacci 23.6% Retracement**: 64.00 5. **Short-term Support**: 66.00 **Resistance Levels** 1. **Fibonacci 61.8% Retracement**: 68.00 2. **Previous High**: 70.00 3. **Fibonacci 78.6% Retracement**: 72.00 4. **Medium-term Resistance**: 74.00 5. **Long-term Resistance**: 76.00 **Notes** * These levels are subject to change as market conditions evolve. * These levels are based on historical data and may not be a guarantee of future price action. * These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels. **Current Market Conditions** * Zomato is currently trading in a bullish trend, with a series of higher highs and higher lows. * The stock is approaching the short-term resistance level of 66.00. * If the stock breaks above this level, it could potentially move towards the medium-term resistance level of 74.00. **Trading Strategies** * Buy at support: If the stock breaks below the short-term support level of 66.00, it could be a good opportunity to buy. * Sell at resistance: If the stock breaks above the short-term resistance level of 68.00, it could be a good opportunity to sell. * Trend following: Follow the trend by buying or selling based on whether the stock is moving upwards or downwards. * Mean reversion: Look for opportunities to buy when the stock is oversold and sell when it is overbought. Some key levels to watch in Zomato: * **Earnings**: The company has seen strong earnings growth in recent quarters, with some analysts expecting further growth in the coming quarters. * **Valuations**: The company's valuations have been relatively stable in recent months, with some metrics reaching moderate levels. * **Sector performance**: The company's performance is closely tied to the broader sector performance of the Indian technology sector. Remember to always use stop-losses and position sizing to manage risk when trading.
NSE:ZOMATOLong
by SkyTradingZone
ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the levels for Zomato (ZOMATO) based on a 4-hour chart: **Resistance Levels:** 1. 125.50 - 126.50 (previous high) 2. 128.00 - 129.00 (psychological level) 3. 130.50 - 131.50 (resistance zone) **Support Levels:** 1. 122.50 - 123.50 (previous low) 2. 120.00 - 121.00 (psychological level) 3. 118.50 - 119.50 (support zone) **Key Levels:** 1. 124.00 - a crucial level to watch for trend continuation or reversal 2. 120.50 - a potential reversal zone **Notes:** * Zomato is currently trading around the resistance level of 124.50. * A break above this level could lead to further upside momentum. * A break below the support level of 120.50 could lead to a reversal in the trend. * The levels listed are based on historical data and may not be valid in the future. Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions. Additionally, you can consider the following technical indicators to get a better view of the market: * RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone. * MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover. * Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility. Please consult other sources and consider multiple factors before making any investment decisions. It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions. In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
NSE:ZOMATOLong
by SkyTradingZone
ZOMATO // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 ZOMATO on a 1-hour timeframe Support Levels: Identify recent lows where the stock price has bounced back up. For example, if Zomato recently found support around ₹60, this level is crucial for potential buying interest. Resistance Levels: Determine recent highs where the stock price has faced difficulty in rising further. For instance, if the stock struggled to surpass ₹65, this would be a significant resistance level. Support Levels: ₹245 ₹240 ₹235 Resistance Levels: ₹255 ₹260 ₹265
NSE:ZOMATOLong
by SkyTradingZone