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ZOMATO LIMITED

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ZOMATO trade ideas

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
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 // 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
ZOMATO - Long Setup, Move is ON..NSE:ZOMATO ✅ #ZOMATO trading above Resistance of 228 ✅ Next Resistance is at 334 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 is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ZOMATOLong
by Sandeep_Aggarwal
4