ZOMATO! UP OR DOWN ? Zomato is facing important fibo levels. Not in a aggressive mood to buy right now. Just keeping a keeping a eye on the stock. Please do tell me your views on this stock. What are you entry levels ?? by SamratSinghYadavUpdated 0
ZOMATO'S breakuut possible - SYMMETRICAL TRIANGLE PATTERN Zomato listed on 23/5/21 and then creating life time high of 148 and now it has created a SYMMETRICAL TRIANGLE PATTERN on 2H chart . Now zomato can give either side breakout. for upside it can create a new lifetime high or can break its low of 116. A very impressive either side breakout can happen with huge volume.by akshaybatra0204
Zomato: BUY, HOLD OR SELL?As the chart clearly showing the triangle pattern, so one can decide on the basis of breakout or breakdown of the pattern.by madhur12160
Something is cooking Hello traders , It’s been a few days since Zomato is listed, but from the starting Zomato started cooking great opportunity to trade , well as we can see in charts a symmetrical triangle is forming what else we need ♥️… mmm a breakout maybe … yeah just a breakout by RG070
zomato patternIt is forming a symmetrical pattern on its 45 and hours chart and seems for a good breakout above 144 on closing bases. by anmoldhanda19990
Zomato Ascending Triangle patternThis is just for education purposes. Do your self-analysis enter the NSE:ZOMATO stock at the right price for good returns. "Zomato up 85% after listing UBS, JM Financial start coverage with a buy rating. Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next year from the July 29 close of Rs 141" The source is Jefferies for the above-mentioned messageLongby istockarchitect110
TRADING Vs INVESTING - PART 2 - ZOMATO IPO SPECIALFor the purposes of writing this series, I have assumed that the reader is not having a large capital base as, given the current scenario, an average person would find it hard to release funds that can be used for trading / Investing. Tax definition of Trading & Investing In a very simple manner, the key difference between Trading and Investing can be explained in the following manner --- Trading gains would be considered as business income for a trader or as a short-term capital gain for an investor attracting the applicable income tax rate. Investing gains would be considered as long-term capital gains attracting a lower rate of income tax. So if I invest in 100 Shares of Reliance at 2100 and sell it within 10 days at 2300, I would end up making a short-term capital gain of 100*200 = 20,000 if trading is not my business income. And I would end up making a taxable income of 20,000 if trading was part of my business income. Now, if I sell the shares bought above after 367 days at 1950, I would end up incurring a business loss of 100*150 = 15,000 if trading was part of my business income. However, I would end up incurring 15,000 as a long-term capital loss if I was not a trader and trading was not part of my business income or I was a salaried person. Why look at IPOs? Historically, IPOs have attracted lots of retailers as on many occasions, they have offered bumper listing gains and the retailers would generally seek quick and riskless gains from the investments made.Logically, the words “ quick and riskless” do not go hand in hand and certainly not with an “investment”. The reason being that investments tend to be for a longer period of time than other means of savings or money-making. In my view, for a retail person, with limited means to risk their precious capital, IPOs generally offer a good way to start the Investment journey. SEBI has made IPO investments an affordable process for the retail category as the lot size or the minimum amount that one can invest is around 15,000. One can always apply for multiple lots but if I cannot afford more than 15,000, IPO is the best way to go forward. The major downside of an IPO is that the information related to the company and its financials is available only as part of the prospectus which has to be filed. And retailers would not be having the time as well as the required knowledge to understand, interpret and evaluate the same. Also, would it make time sense to spend a few days or at least a few hours for an investment that may or may not click per expectations? I do not feel so. With IPOs, there is a 50-50% chance of it being a success on the expected lines. My experience has not been very encouraging as I have rarely been one of the allottees of the IPOs and when I did get allotment for ICICI PRU LIFE, this is what happened -- Listing Day Trading Information . IPO Price Open Low High Last Trade Volume BSE ₹334.00 ₹329.00 ₹295.50 ₹333.90 ₹297.65 12,720,399 NSE ₹334.00 ₹330.00 ₹295.15 ₹333.90 ₹297.55 89,058,658 The IPO base price was 334 and listed at 330 and closed at 297 - a fall of 11 % on a listing day. The day happened to be a big news day when around mid-morning, the news of the surgical strike was made public and the markets had tanked. The outcome was that the morning excitement of witnessing a listing gain faded with the gloom of a sharply discounted closing price. I ended up holding it for quite some time and made the typical mistake of exiting just above my cost. From the chart, it is very clear what followed thereafter was a steady rise and I would have been better off had I been an investor than a trader. Then What Should I do? Over the last few years, I have become somewhat wiser in dealing with lottery allotments as and when I get. The last was with Nazara Tech. I applied only because of RJ backing and hoped that it would get listed at a good premium. I was lucky this time and got an allotment . When the day had come, I had already decided that if the listing is at a good premium, I will take my capital out and let the shares representing the profits made remain in my holdings for as long as I can. So when it got listed at a super-premium and then made a high of 2024, I decided to exit around 1950 but by the time I could place the order and got filled, I got the exit price as 1920. A gain of = 65% just for parking my funds for about 2 weeks! That is certainly not bad. My capital was made free on the day of the listing and which I use as and when I feel to use it for the next IPO - it is now going to be Zomato. So in this case, my 65% gain would be treated as my business income as I am a full-time trader and if I am able to hold on to my profit based holdings in Nazara for another 260+ days, then I would be eligible to claim any gains out of if as a long term capital gain. As of 09-07-12, the lowest price was 1432 - a good 272 away from my cost price, and assuming I exit at 1432 in the future, I would have earned another 23% gain over the 65% gain which I am holding in the form of Nazara shares. This is how I propose to manage other IPOs . So my next try would be for Zomato. A lot is being said about it - good/bad. I am going to ignore both the views and apply and see if I get an allotment and if I get allotted, I will have to think about what to do when it gets listed and at what price. Why worry about something that is nowhere in sight? I hope the above helps you get an idea about how you can make a beginning in the world of “Investing” in the simplest possible manner. I would love to read your views and experience about IPOs. Thank you for your time and Happy Investing! Umesh P.S. Disclaimer - The views expressed here are purely for educational and informational purposes only and not a recommendation or advice in any manner. I am not a SEBI regd., so please consult your financial advisor or be your own decision-maker as you may deem fit. by AVENUESOFINVESTMENT0
zomato Anlysisbuy above 143 sell below 123 since it formed inverse couple & Handle bearish is indicating wait for breakout at given levelsShortby UnknownUnicorn210418440
ZOMATO DAY BROKE 139 AND GAVE NICE CLOSING TODAY TGT EXPECTED- 145/148/155+ SL -136Longby aneeshkumarbhartia0
Zomato Trendline in the makingBumper listing... Currently taking a Trendline support 🔥 Not fundamentally but is this stock a multibagger in respect of growth!?? 😈Longby TargetHit117
ZOMATO READY FOR A BULLISH MOVE Candle stick = 1 Hour Time Frame = Max. Candlestick Pattern Observed : Inverted Hammer. Indicates : Reversal in TrendLongby StockMarket-Wasim5
Zomato intraday analysis for 28 July 2021There has been a fall of more than 5% after 2 days rally. Can be profit booking. The day has closed to an important level. If it breaks the zone we can see some more downfall.Shortby digantpatel2
ZOMATOwe can see a trendline breakout, but there's still a support of 133.95... weak below 133.95 on candle closeby DalalStreetTrader5
ZOMATO SYMEYTICAL TRI BOWE CAN SEE A LEVEL OF 200/220 IN MEDIUM TERM FOR THOSE WHO GOT IPO OF ZOMATO CAN HOLD THIS IS JUST MY OPINION PLS CONSULT YOUR ADVISER. THANK YOU Longby aneeshkumarbhartia6
ZOMATO : Go Breakout or Breakdown? ZOMATO : No data on Zomato as just listed. Bust formed good pattern in 5 min chart. by TheCharts_223
Zomato share Buy , Sell or Hold on 26th July,2021Zomato listed today with more than 65% return on its first day. Volumes where very high and the share reached its highest point at Rs.138 in the opening hour For 26th July, 2021 Resistance Zone- 1st Resistance is at 128 If first resistance is broken we can see the share reaching 132 + levels again 2nd Resistance is at 138 which is mostly unlikely to be broken Support Zone- 1st major support is at Rs 123 levels if it breaches 123 with a big bearish candle then it can fall upto 118 2nd major support is present at Rs116 Stock fundamentals are poor but it has a lot of hype which is driving the price at the moment Definitely not a long term stock unless it posts profits but you can book intraday profits in case you can catch the volatility. by FOMO_TRADER_0