ZOMATOwe can see a trendline breakout, but there's still a support of 133.95... weak below 133.95 on candle close
ZOMATO trade ideas
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
ZOMATO : Go Breakout or Breakdown? ZOMATO : No data on Zomato as just listed.
Bust formed good pattern in 5 min chart.
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.
A Simple Trading Idea to Trade ZomatoDear All, As Zomato was listed on Friday and we have only 1 Day chart on this. Here I have discussed a simple trick to trade Zomato for coming days.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
