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ZOMATO trade ideas

ZOMATO - CUP & HANDLE - DAILY CHART.Zomato seems to be making C&H pattern, Hammer candle formation at the low of handle. Crossing 50 ema. There is probability of touching 304 level from here, once it crosses the neckline of C&H then we can decide the further move. If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:ZOMATO
by SatpalS
ZOMATO - CUP & HANDLE - DAILY CHARTZOMATO - CUP & HANDLE - DAILY CHART. Zomato seems to be making C&H pattern, Hammer candle formation at support level, which may also serve as the low of handle. It is right above 50 ema. If it breaks the low of this Hammer then this pattern will not be valid, and it may take support at around 265 level. If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com/u/SatpalS/ For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:ZOMATO
by SatpalS
ZOMATO Support & Resistance As of January 1, 2025, Zomato Limited (NSE: ZOMATO) is trading at ₹278.85, reflecting a 0.31% increase from the previous close of ₹278. Support and Resistance Levels: Daily Support: ₹275.95 Daily Resistance: ₹297.75 Short-term Support: ₹275.07 Short-term Resistance: ₹287.26 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Recent Performance: 52-Week High: ₹304.50 52-Week Low: ₹121.70 Market Capitalization: ₹252,051.3 crore Over the past year, Zomato's share price has appreciated by approximately 123.33%, significantly outperforming the Nifty index's rise of 8.75% during the same period. Analyst Insights: The consensus among analysts is a 'Buy' rating, with a median price target of ₹320.00, suggesting a potential upside of about 15.11% from the current market price. Highest Target Price: ₹375.00 Lowest Target Price: ₹130.00
NSE:ZOMATOLong
by EmpireCrown
ZOMATO: On A Steady Bull RunTopic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300. Key Points: 1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum. 2. Accumulation is recommended when the price approaches the 180-day moving average. 3. The 300 level remains a critical resistance, with the price unable to hold above it.
NSE:ZOMATOLong
by yogeshwar
HELLO ZOMATO!Zomato's stock chart is currently displaying an acute angle pattern, which typically indicates a sharp change in price direction. This pattern can be a sign of strong momentum, either upward or downward, depending on the context of the trend. In Zomato's case, the acute angle might suggest a significant shift in market sentiment, possibly due to recent news or financial performance. Traders often watch for such patterns as they can signal potential breakout or breakdown points, providing opportunities for strategic entry or exit.
NSE:ZOMATO
by anandbob1974
ZOMATO Support & Resistance levels Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure​ Key Highlights: Support and Resistance: Support: ₹278.20 is a critical level where buyers may step in. Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum​ Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows. Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains​ Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential​ .
NSE:ZOMATOLong
by EmpireCrown
Zomato Stock AnalysisZomato Stock Analysis Current Price: As of December 10, 2024, Zomato's share price was ₹297.30. Analyst Recommendations: Nomura: Increased target price to ₹320; maintains 'Buy' rating. CLSA: Raised target to ₹370; maintains 'Outperform' rating. Morgan Stanley: Target price set at ₹355; maintains 'Overweight' rating. Bernstein: Target price of ₹335; maintains 'Outperform' rating. Performance Highlights: Zomato's stock has gained approximately 154% over the past year. The company reported a consolidated net profit of ₹253 crore in Q1FY25, a significant increase from ₹2 crore in the same quarter the previous year. Considerations: Market Position: Zomato has shown strong growth in both food delivery and quick commerce segments, outperforming competitors like Swiggy in certain metrics. Valuation: The stock is trading near its 52-week high, indicating positive market sentiment. Conclusion: Analysts generally recommend buying Zomato's stock, citing strong financial performance and growth prospects. However, it's important to consider your personal investment goals and risk tolerance before making decisions.
BSE:ZOMATOLong
by shivtoshiva2022
Zomato Ltd. - Breakout OpportunityDate : 26-Nov-2024 LTP : Rs. 280.10 Targets: (T1) Rs. 298 --> (T2) Rs. 334 SL : Rs. 261 Technical View: • NSE:ZOMATO is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 298 on 24-Sep-2024, it has retraced 20% to 239.45 level. • NSE:ZOMATO has breakout from it's secondary downtrend with higher volume on 26-Nov-2024. • NSE:ZOMATO is trading above both 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 19-Nov-2024. • RSI is in buy zone and trading at 62.17. MACD is in bullish and trading at 2.92. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ZOMATOLong
by vicky252
Zomato reversing from support with a Bullish Engulfing!✅At support and reversing with bullish engulfing. ✅Strong candle. ✅Stock tends to respect 50 DMA and ride on 50 DMA. ❗️Trading below 50 DMA. ❗️Overall market structure needs to improve further and more confirmation is required. The risk of a potential downtrend still exists. Please consult your financial advisor before investing. This is not a trade recommendation. ▶️Market Cap---₹ 2,26,122 Cr. ▶️Current Price---₹ 256 ▶️Stock P/E---305 ▶️ROCE---1.14 % ▶️ROE---1.12 %
NSE:ZOMATOLong
by sagartharayil
2
ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following 1. RSI on all time frames (D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band 3. Four months long consolidation in range of 240 to 295 zone 4. ABCD pattern under formation on weekly chart 5. Major Price Supports as under: 20 SMA (daily ) 263 50 EMA (daily ) 264 20 SMA (weekly) 261 with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:ZOMATOLong
by purisonshuf
1
Zomto -4-Strong Chart-AccumulateZomato CMP:194.40; RSI: 55; Zomato chart structure seems to be very strong, it’s a good buy at the current market price (range of 188-195) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis. The various swing targets for the script are- Target- 1- 212-215 ; Target-2- 226-230; While the final Target on charts is seen at Rs 285-290 level. Script will face major resistance at 246.5 level before marching towards the final target. ✅If you resonate with the Ideas, pls Share, Like & boost ideas and follow to never miss a new idea!✅
NSE:ZOMATOLong
by DrPrashantVerma
1
Zomato : Head n Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in Zomato. If price breaks down below 240 then go short with Stoploss of 265 with tgt of 190-185. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:ZOMATOShort
by maneeshaggarwal