Ready to give another 22% -Volume decent
-ema and sma supporting from lower levels
-rsi is looking weaker better to wait for a retracement as shown on chart
ZOMATO trade ideas
ZomatoOn the Verge of breakout. Impulse move expected.
1) Entry if sustains above 152
2) Target - 167.5
3) Stoploss - 146.15
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
Zomato near breakout This stock is near breakout after 2 years of consolidation. A rouding bottom patter is seen as well as it has taken trendline support.
Also big institutional players are getting involved. Results are also getting better.
Entry - at cmp , add till 120, add again at retest
Tgt - 1st - 10% ; 2nd - 143
SL - 3% or 119
Note - buy at cmp , hold till it gives breakout . Book some profit , add again at 125 levels after retesting
ROUNDING BOTTOM BREAKOUT IN ZOMATOStock gave breakout of rounding bottom price action pattern and also recently company declared net profit of 36 Cr.
Entry - 123 to 125
Target - 165.55
Stoploss - 101.65
This is not a buy or sell call, analysis is shared for educational purpose.
Zomato's Breakout Feast: A Journey to 142 Rupees!🍽️ Zomato Ltd., CMP: 130
Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding.
Anticipating Zomato to serve us a delightful dish at the 147 rupees point.
📉 SL Reference Guide:
For Stop Loss, refer to the charts. This is not trading advice; consider it as educational content.
ZomatoZomato ready for up side move blue lines are between targets for this rally. Red line(158) is final target. 134 is support.
Zomato AnalysisHey guys,
Recently Mutual Funds have increased their shareholding in Zomato.
Here are the details of the analysis-
CMP- 135
Target- 155
Stoploss- 128
Duration - Less than 1 month.
Do you think 155 is appropriate for the food delivery giant?
Let me know what you think.
ZOMATO - Short TermFor Educational Purpose..
#ZOMATO BUY SHORT TERM
In Weekly Chart Showing W Pattern on Candlestick & Line Chart...
Buy Above - 106
SL - 95
Target - 115, 125, 135, 145
Thank you
same chart pattern CIPLA LIC IRCTC ZOMATO JUST Broke lifetimeIt may be little late but it's sure be Confirm broke out Check Sipla LIC IRCTC Zomato they just now broke out just study it all
ZOMATO FORMING ROUNDING BOTTOM The stock has been forming a rounding bottom pattern since 2021 and now the bullish phase has begun moreover the stock can rally till 160 with immense reliability as the techinals as well as fundamentals are complimenting each other. upon listing its the first time the company has posted a profitable quarter
ZOMZTOZomato showing bullish pattern. Price reject 125 level. New buyer entered that area. So they drive next really. Price may reach 137.
Zomato in resistance zone, but worth the BUY?!Zomato is enjoying an amazing run since March end .
Coming from 48 to 80 in a matter of less that 4 months.
Now it is facing a crucial resistance zone. Skies look clear above 85 , but even at 78.7 it presents a good risk to reward ratio , as this is the third attempt into the zone [ . With a invalidation below 73 on a weekly basis.
Healthy target of 127-130 range , once we get a weekly close above 78-80.
Not investment advice. Personal thoughts and how I will be playing this.
Amazing breakout on Weekly / Daily Timeframe - ZOMATOCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN 1HR TIMEFRAME.
$NSE:ZOMATO A clear breakout on the weekly chart. If sustains today and crosses today's high on monday the trend will continue till 110-130 where any retracement below the levels of 90 is an opportunity to go long on positional basis with 80 acting as a strong support on daily closing basis below which the breakout will fail.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
ZOMATO Bullish; above 125.5 on Friday 15 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
ZOMATO - At ResistanceZomato has been recovered beautifully from their initial fall down and now its at crucial resistance to decide the direction.
If it crosses the major resistance then it have good stretch to reach the ATH.
all time high soonthis is going to hit all time high soon since it is trading above the listed price.
Positional_ ZomatoNamaste!
1. Zomato looks good for a positional/swing trade.
2. Entry price and Stop Loss is marked on the chart.
3. This trading idea is only valid till next trading session. If entry doesn't execute in next trading day, it will be cancelled.
4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle .
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
Investment_ ZomatoNamaste!
For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies (Netflix, FB, Etc). Buying after a correction is always a best choice because it has more reward potential. And you are not putting all the eggs in one basket. So, eventually, your diversified basket would beat the market (Nifty returns) over a period of time.
Buying price: If it moves above Rs 60.50 or any next weekly red candle created and closed, buying at high of such candle.
Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
Zomato-Delivery me time lagega, Bhaiya. Zomato Breaches Crucial Fibonacci Retracement Level
Zomato has today breached the crucial 0.618 Fibonacci retracement level, a significant technical indicator. If Zomato can sustain and hold this breakdown, the next level to watch out for is Rs. 161.45. However, it is important to note that at this projected level, the valuation of Zomato would be approximately INR 1,40,000 crore. This is a steep valuation, and it is important to consider whether Zomato's future earnings can justify this valuation. Because in this counter everyone is playing and discounting the price with respect to future earnings.
Zomato has made significant progress in recent quarters, moving from a loss of INR 188 crore in March 2023 Quarter to a profit of INR 2 crore in June 2023 and INR 36 crore in September 2023 quarter respectively. However, these profits are still relatively small very very small, and it is not clear whether Zomato can continue to grow at the same rate in the future.
Overall, the breakdown of Zomato from the 0.618 Fibonacci retracement level is a a sign of concern, so it is important to temper this caution. Zomato's valuation is high, and its future earnings are uncertain. Investors should carefully consider these factors before making any investment decisions.
ZomatoAnother Rs.10 rally in zomato?
The stock has been in focus after the strong quarterly results and strong-positive commentary by various brokerages as well the management of the firm.
CMP- 120
Short term target- 130
Stoploss- 113
Duration- 1-2 weeks
Is the long term target of 150+ achievable for the firm?
Let me know what you think.
zomatoAfter a beautify earnings show, looks like this is getting to ready to pop. 140 should be easy, should be able to break the 120-121ish resistance.
