Zomato Breaches Crucial Fibonacci Retracement Level
Zomato has today breached the crucial 0.618 Fibonacci retracement level, a significant technical indicator. If Zomato can sustain and hold this breakdown, the next level to watch out for is Rs. 161.45. However, it is important to note that at this projected level, the valuation of Zomato would be approximately...
Another Rs.10 rally in zomato?
The stock has been in focus after the strong quarterly results and strong-positive commentary by various brokerages as well the management of the firm.
CMP- 120
Short term target- 130
Stoploss- 113
Duration- 1-2 weeks
Is the long term target of 150+ achievable for the firm?
Let me know what you think.
NSE:ZOMATO continues to look strong and one can keep a stop loss at 114 and go long in this counter. The stock is in a good up-move. Zomato as a business is a duopoly and is now profitable as well. Looks good.
Zomato Cmp 116.50 dated 3-11-2023
Weekly Chart (Investment Idea)
1. Rounding Pattern BO @ 115
2. Price Rising with steady Volumes
Buy @cmp target 130-150-160-170-185 SL 100
It is just a view, please trade at your own risk.
Trade Idea: With the current price at 116.50 Rs, if the Zomato stock manages to breach the immediate resistance levels(115 Rs), the next target is set at 125 Rs. This milestone could potentially be achieved within a span of 8-10 days. Following this accomplishment, the price might briefly touch around 135 Rs in approximately 2-3 week.
Note: Implement a...
The stock has been in consolidation phase for a long time and can yield good retuns in short period of time first target is for rs 166 and for long term target can be 280
Greetings Folks,
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows-
- The price tried to break past the previous lower high which is considered a good sign for reversal
- the price might again try to break the high after a minor retracement which should be almost done at this point
- still i am rooting for a more safer entry by the zone i...
**Trade Idea:** If the price manages to breach the levels of 95.5 and 96, the next target is likely to be at 100 Rs. This could potentially be achieved within a span of 5-6 days. Following this achievement, the 100 Rs. mark might act as a psychological resistance point. However, there's a possibility of the price briefly touching around 104 Rs. in approximately 1...
Zomato is poised to complete its rounding bottom pattern around the 125-130 level. If it crosses the 130 level, the next major hurdle will be between 150 and 160, where it may face some resistance. After that, the sky could be the limit. This quarter's results will reflect the impact of Blinkit, so I expect to see significant upside movement in the stock
Stock Name - Zomato Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 106
#This is not Buy and Sell recommendation to any one. This is for education purpose...
Dear Followers,
I hope this message finds you well. I wanted to provide you with an update on the stock
ZOMATO
and discuss the current resistance levels that we've been monitoring.
After a thorough analysis of the stock's performance and market trends, I wanted to highlight the following key points:
Stock Performance: The stock has exhibited consistent growth...
ZOMATO --1 hour chart --intraday setup--28/08/2023
1. Zomato seen trendline breakout at last hourly candle on hourly chart last closing session
2. 90-92 seen as good support level at recent correction and 94-95 as hourly resistance level .
3. Daily/ hourly chart form higher high and higher low patter indicate bullish trend continue
4. Stock trading Above...
