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ZOMATO trade ideas

Zomato's Breakout Feast: A Journey to 142 Rupees!🍽️ Zomato Ltd., CMP: 130 Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding. Anticipating Zomato to serve us a delightful dish at the 147 rupees point. 📉 SL Reference Guide: For Stop Loss, refer to the charts. This is not trading advice; consider it as educational content.
NSE:ZOMATOLong
by iamrk7
Zomato in resistance zone, but worth the BUY?!Zomato is enjoying an amazing run since March end . Coming from 48 to 80 in a matter of less that 4 months. Now it is facing a crucial resistance zone. Skies look clear above 85 , but even at 78.7 it presents a good risk to reward ratio , as this is the third attempt into the zone [ . With a invalidation below 73 on a weekly basis. Healthy target of 127-130 range , once we get a weekly close above 78-80. Not investment advice. Personal thoughts and how I will be playing this.
NSE:ZOMATOLong
by Bitrageur
3
Amazing breakout on Weekly / Daily Timeframe - ZOMATOCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN 1HR TIMEFRAME.
NSE:ZOMATOLong
by Yoyohoneysingh93
$NSE:ZOMATO A clear breakout on the weekly chart. If sustains today and crosses today's high on monday the trend will continue till 110-130 where any retracement below the levels of 90 is an opportunity to go long on positional basis with 80 acting as a strong support on daily closing basis below which the breakout will fail. NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
NSE:ZOMATOLong
by longstocks
ZOMATO Bullish; above 125.5 on Friday 15 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:ZOMATOLong
by JJ_Breakouts
1
Positional_ ZomatoNamaste! 1. Zomato looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. 3. This trading idea is only valid till next trading session. If entry doesn't execute in next trading day, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle . Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ZOMATOLong
by UnknownUnicorn7637383
1
Investment_ ZomatoNamaste! For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies (Netflix, FB, Etc). Buying after a correction is always a best choice because it has more reward potential. And you are not putting all the eggs in one basket. So, eventually, your diversified basket would beat the market (Nifty returns) over a period of time. Buying price: If it moves above Rs 60.50 or any next weekly red candle created and closed, buying at high of such candle. Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:ZOMATOLong
by UnknownUnicorn7637383
3
Zomato-Delivery me time lagega, Bhaiya. 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 INR 1,40,000 crore. This is a steep valuation, and it is important to consider whether Zomato's future earnings can justify this valuation. Because in this counter everyone is playing and discounting the price with respect to future earnings. Zomato has made significant progress in recent quarters, moving from a loss of INR 188 crore in March 2023 Quarter to a profit of INR 2 crore in June 2023 and INR 36 crore in September 2023 quarter respectively. However, these profits are still relatively small very very small, and it is not clear whether Zomato can continue to grow at the same rate in the future. Overall, the breakdown of Zomato from the 0.618 Fibonacci retracement level is a a sign of concern, so it is important to temper this caution. Zomato's valuation is high, and its future earnings are uncertain. Investors should carefully consider these factors before making any investment decisions.
NSE:ZOMATOLong
by vipinguptaca
Zomato's Growth Odyssey: Breaking Boundaries from 115 to 135 RsTrade 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 well-defined stop-loss strategy to manage risk effectively. 1st Target --> 125 Rs 2nd Target --> 135 Rs 3rd Target --> in next post Thanks, Kambi
NSE:ZOMATOLong
by kambi123
1