Educational Purposes only : I am already posted Zomato going to fall level of 42-50 . Not it was complete target in short position.
Now Zomato already Completed Motive wave cycle ... Now it's Terminated at level of 41 . Now its starts Correction Phase in the Bull trend ... Like ABC in Correction Phase or beginning Another wave cycle of Motive wave cycle
Going Long above 73 with 56 stop loss could give good RR for a target of around 127-128Rs.
If someone strongly believes in the business style of zomato then could accumulate with 40Rs as Stoploss for a very long term players
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
High Scope for Intraday shorting in Zomato . Take profit as marked to the nearest support.
{(Condition for confirmation :- If the current resistance level holds and doesn't break)}
{DYOR}
More Intraday stock signals for NSE and BSE segments upcoming daily. Follow 4 more.
it is interesting to see where it will go just wait for a lovely hard close, of that wedge... by pink line and yellow one, if get hard close then we will head towards hold level to hold move that's out target, ... and keep in mind if close below... our greediest buy target is "Bottom Trend Line"
Down Trend impulsive wave is going on in zomato , 3rd wave completed & corrective 4th wave is going to complete , expected target of 5th wave -in the range of 35-40
Zomato Ltd (ZOMT) break out level 1Hr daily chart pattern
BUY above 62.50
Volume break out with storng volume and momentum.
Time to go long in Zomato
Thank you.
Zomato is went above 50 EMA and on falling, took support on 50 EME. It has stochastics slowing reducing strength but still on positive side. Supports marked with green trend lines. Resistance marked in red trend lines.
