Not 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...
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)....
According 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...
Will 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...
ZOMATO -- 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...
Zomato - 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.
Wave 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...
Will 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.
Quarterly results seems to suggest so;
I think its the Volume which is a clear
give away, since July end.
Definitely todays cool 180 million.
(Is this Pump and...
ZOMATO --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...
***** 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...