ZOMATO FORMING FALLING WEDGE PATTERNZomato 1D Chart Forming Falling Wedge Pattern .
buying zone -> 42-45
selling target -> 65-67
Tenure --> 2-2.5 months
NSE:ZOMATO
ZOMATO trade ideas
ZOMATO BUY SHORT TERM.Buy Zomato @ 47.
Target - 50/53.5/60 (Short Term View-1-2 Weeks).
These comments are only for educational purpose....please consult a Financial Advisor before Investing.
Zomato Possible Downtrend Continuation To All Time LowAs seen on NSE:ZOMATO Weekly chart, Zomato can be expected to fall further and find new all time lows.
Short Zomato to get short term Target of 61.45, 2nd T - 51.55According to the Chart pattern it seems to breakout from the channel and therefore it can possible goes down to either Rs 61.5, within 1 week or soo on and if goes down than the nearest downfall seems to be 51.55 to 52, currently today it trading between Rs 63.30-63.5pa current day high Rs 64. invest or Trade by your own research or analyze I am just educating the chart pattern that I observed.
Good buy for short termFor short term, it can be good buy for a target of 66. With a suitable SL
*Trade at your own risk. Not a advise, just a guess. Consult with your financial adviser
Zomato falling in triangle Zomato falling in triangle
After long fall
Just wait and watch for triangle breakout.
It's an analysis, not a trading advice, trade with your due diligence.
An idea whose time has come - ZomatoWill this be the final low for zomato after which it goes to complete the triangle formation?
The breakout may happen between 24 Jan 23 -23 Feb 23 ... In previous 2 occassions, when the price closed below the bollinger band it went upwards to touch the resistance level of upper band... (this pattern can become an INHS or a VCP, all subject to interpretation)
Target of 112 to be achieved by 25 May 23
Stoploss 53.20
Zomato...wishful thinking onlyNot an idea, just a wish ... maybe it forms a triangle and breaks out eventually...the last quarter being the festive quarter may just turn the tables for this cash guzzling entity.. It can very well go to do a double bottom as well...was seeing this chart and visualizing the future of this chart (target of 113 to be achieved by end of April 2023.... nothing has happened as yet... do your own analysis...
Zomato a long call (Heading towards 75)Zomato has given a Breakout after an acclamation phase (Heading towards 75) and can turn out to good swing trade.
SL will be 63 rupee
ZOMATO --INTRADAY SETUP - 23/11/2022ZOMATO -- 1 HOUR CHART --SETUP -- INTRADAY --23/11/2022
1. ZOMATO 1 hour chart seen stock close at near trendline suppprot level.
2. stock above 55 hma as seen hull suit indicator when 15 min candle close above 64 level , BUY can initiate on intraday above 64 for target 65-66 stop loss 62.50
3. IF trendline support breaks bellow 62.75 , 15 min candle close bellow 62.75 for confirmation short position can initiate for target 62-61
4. wma RSI line near oversold level at hourly chart so short position should take after 15 min candle confirmation only bellow 62.75
5. pullback is expected at oversold level so Buy IS favorable the short position at better risk to reward ratio.
** THIS IDEA IS FOR EDUCATIONAL PORPOSE .. trade at own risk !!
HAPPY TRADING !!
ZOMATO | Looks bottom is made ?ZOMATO | Looks bottom is made ?
->Loss minimized drastically
->Looks like the company is turning positive in EPS (QOQ)
Trying a bottom fishing for a very small money (Investment perspective)
Zomato - Ascending Triangle Pattern BO with good volumeZomato - Shows a clear Ascending Triangle pattern breakout and retest With a good volume it's in the key level for a long setup.
It can be bought at the current level.
Take the trade as per your risk appetite.
I'm a stock market learner so take and plan your trade as per your analysis also please comment below with your opinion/analysis if any.
Trade what you seeWave count as promised
Almost all the information needed is available on the daily chart;
Learn , Understand and then indulge;
Be humble to accept mistakes if things go against your observation,
Trust your self and give your understanding time to develop into fruitful results.
Zomato is present in more than 20 countries;
FIIs have increased their holding in a major way ;
Probability of turn around very high;
PRICE discounts everything;
Never invest without doing your research.
Price should be in 3 digits in coming days n stable
Feel free to comment
May tweak the most current count later (i,ii)
Trade what you seeWill be adding E count soon
Not a Trade Call,
Investment intention for wealth creation.
Do feel free to add comments (all accepted with humbleness.)
Is this turning around.
Post listing
Quarterly results seems to suggest so;
I think its the Volume which is a clear
give away, since July end.
395 million
Definitely todays cool 180 million.
(Is this Pump and dump in play here)
Going ahead if results r not
inline this will be a penny stock.
FII will be the biggest Dumper (56% holding).
Nothing is Easy in the market ;
Adding to my portfolio in small quantities
will give them 6 months to prove their worth.
No SL in mind as of now
with go with the flow for 6 months.
There r enough support areas on the chart ,
Remember
Its as per u r risk appetite n holding duration.
My exposure will never exceed 1 to 2% of my portfolio
(Tiny me working hard)
LT targets above (***.**)
Let them deliver first
ZOMATO --CONSOLIDATION BREAKOUTZOMATO --DAILY CHART SETUP- CONSOLIDATION BERAKOUT
1. ZOMATO seen trade at lower channel previously, bottom formation seen around 40 odd level .
2. Lower channel breakout seen above 60 level and stock consolidate 60 to 70 level, in last few weeks .
3. triangle pattern breakout as well as consolidation breakout seen last trading session with huge volume above 65-72 level . and stock close above 72 level last trading session, indicate stock ready to move upword from consolidation phase .
4. trix crossover seen from center line ( 0 line ) is also strong bullish indicator.
5. one can initiate BUY above 70 level for target 75-80-85-90 short to mid term, stop loss can place bellow consolidation support at 59
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..! TRADE AT OWN RISK .
HAPPY TRADING ,!!
Zomato - Gave a breakout🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
Breakout AlertWhen price consolidate in a tight range and break the upper boundary then high probability price continue the trend and breakout candle low act as a Stop Loss .
Zomoto wave propagationThis is Education purpose only: Trade with your own risk.. Zomoto may fall in coming days . Don't take long term holding here ..
Zomato market analysis of the week Educational Purposes only : I am already posted Zomato going to fall level of 42-50 . Not it was complete target in short position.
Now Zomato already Completed Motive wave cycle ... Now it's Terminated at level of 41 . Now its starts Correction Phase in the Bull trend ... Like ABC in Correction Phase or beginning Another wave cycle of Motive wave cycle
Momentum is buliding in ZomatoGoing Long above 73 with 56 stop loss could give good RR for a target of around 127-128Rs.
If someone strongly believes in the business style of zomato then could accumulate with 40Rs as Stoploss for a very long term players
Zomato : +69% upside potential : Trade Plan 11 Oct 2022 OnwardsLevels as mentioned on the chart
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Zomato Ltd-Falling Trendline Breakout....Zomato Ltd-Falling Trendline Breakout Daily Time Frame. Expect a Target-79/100-Stop Loss-56 Closing Basis. Only Education Purpose.
