ZomatoIt showing clear indication of triangle pattern,and moving average support. Target🎯 at 183₹....,.........
ZOMATO trade ideas
Zomato for Target upto "190"Hi Traders / Investors ,
This is a Swing / Positional Trade.
I can see a bullish momentum in Zomato for following reasons :-
1) Resistance Level from ( 4 months ) got broke now acting as a Support.
2) Breakout with large bullish candle with increased Volumes.
3) As per Fibonacci , it is taking Support at 0.382 level which is good support with healthy retracement.
4) As per RSI indicator, it is above 60 level which is considered bullish.
Giving a Risk to Reward of 1:5 , with staggering returns upto 26% ,
Entry - 153 -154 level
Stoploss - 145 level
Target - 194 level
This is just an analysis so don't take any decisions solely based on this.
Please give thumbs up if liked this analysis, as it requires deep research.
zomatozomato breaks its range
now looking good for swing
not any recommendation
only for learning purpose
Zomato can be looked at CMPZomato can be looked at CMP of @160 for the target of 20% in short term. in LT it's multibagger.
ZomatoCurrent Resistance of 153, can see a good rally above 155 level, currently far from EMA20/50 ,and RSI downwards from 68, after Q2 results, can seek support of 144 downwards.
ZOMATOThe stock has shown a good move on Friday and it is in kind of ascending channel pattern so we can expect level of 165 in coming days.
It may correct also before achieving the our target as it has show good move and profit booking may take stock little down.
Please do your own study before any trade. I may be wrong at any point of time so please do your own study.
technical analysis only candlestickszomato showing bullidh moment this time but it might be reversal next day becuz it touched its resistensce zone and if its crosses its resist zone then that will be fake breakout so just comedown the zomato shareat the level of 147 and make it a new support zone then stronglly recomended thta buy it.. at that level..
Zomato - 4 mth breakout post resultsBUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note:
The breakout levels are derived from the weekly line chart which is respected much more by smart money.
DISCLAIMER:
I reserve the right to be wrong.
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Box breakoutZomato has given a breakout from a consolidation phase with heavy volume.
Now its All time High.
Whats your opinion traders?
ZOMATO ATH WITH HIGH VOLUME IPO ADVACED PHASE STARTZomato start IPO Advanced phase will be start New all time high with high volume
ZOMATO Breaking the trendline making Record HighZomato was continually facing rejection and also creating a trendline near 145-150. Today it broke the trendline with huge Volume and made a record high near 155. It can contune this rally if it will pass the retest at the trendline.
13/11/2021 Research For ZOMATODisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note I have already bought IRCTC shares for my own portfolio and also we can use this research again for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) but try to buy at below 150
Target 1:- 170
Target 2:- 175
Target 3:- 196
Target 4:- 202
ZOMATO Trend AnalysisZOMATO seems to have taken a serious up-move last week and I think there is a correction incoming. The first point, it can fall up to is 149 as per Fib levels. After that it may even fall up to 147 levels.
ZOMATO short term viewView are for education purpose only. Please consult your financial advisor before taking any trade.
Zomato - Symmetric Traingle formationZomato is forming Symmetric triangle on a daily timeframe and taken support on weekly timeframe support trendline.
It has also hit its resistance many times.
Lets observe it for few days.
Ascending triangle pattern formation in zomato nearing breakoutZomato Chart is forming An ascending triangle pattern. If it breaks out and sustain above 152 , a long position can be initiated. First target would be 170-175
Zooming zomato Lelo lelo 10 saal ke liye. Are aur kya batau, app log bhi chart dekh sakte ho. Mene toh idea vala feature trail keleiya daal diya hu. Bye take care
ZomatoIt s go like rock, u will buy it when the target is 175 it's not I am telling money control give the 🎯target. When break it the triangle pattern u buy it
ZOMATO ANALYSIS | Hold or Exit?In this video i discuss some improtant levels for Zomato. Shall you hold it or make new position?
Zomato Breakout 😍After consolation for weeks, zomato had given a brrakout with huge volume. Time to go long on zomato
