Head and shoulder pattern forming in Zomato. Like, share.Zomato is forming an head and shoulder pattern and if it sustains above the neckline can give a good move.
ZOMATO trade ideas
ZOMATO_ Big move soonit 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"
Zomato Breakout expectedOn 1D time frame, zamato is moving in descending channel pattern....breakout is expected and buying opportunity is above 66.
Zomato Elliot waveDown 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 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 for positional and swing tradeplease note: this content only for education purpose only. i am not responsible for profit and loss
Zomato analysisZomato 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.
Zomato Likely BreakoutI see a good breakout for Zomato I would enter above todays High.
All parameters are favourable - Stochastic , Volume, Chart Pattern
zomato shorttarget 60.55 zomato has moved close to 60 percent
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Zomato 15mins breakout@62Zomat stock form PENNANT formation in 15 min time frame only buy above 62 .
Zomato - Lets see what happens Zomato ..on a downtrend journey ...my personal view don't burn your hands in it
zomato 1 day chart In this chart we clearly see that zomato correction is over. New Trend is begin . in this chart correction is ABC x Abc doube zig zag .
Zomato breakout ...Zomato trend line has break ...buy at current price stoploss below 54 and target is 88
ZomatoStrong Buy signal for LONG TERM because it has given a breakout with great Volume. Also Zomato has reduction in their loses.
It's my opinion on Zomato so please check on your side also. For more accuracy check fundamentals.
ZOMATO - SWING BUYcan be added for swing trade and SL strictly recent low. it can give 6-7percent return in 1-2days. Lets see
BUY TRADE IN ZOMATO - RR RATIO 1:8 - HALF QUANTITYTHERE IS A BUY TRADE IN ZOMATO...market is continuously taking support at trend-line...and just bounced back from it....when we move to 1D time frame...it is moving in channel pattern.... so its a good buy...
buy at 31 levels.It is a good stock to invest in and Jefferies has given a target of Rs 100. But Fibonacci levels show that the stock may fall to Rs 31.
zomatozomato need some pullback ,maybe it take trendline support and abcd harmonic pattern also complete ,
Zomato at all time lows,will it become a penny stock?Zomato's stock has hit it's all time low today
As all the pre IPO investors had a 1 year lock in period
And today it expired
There were a lot of sell orders
The volume in the first 2 candles itself was about 70 million
What do u think of this?
Why did Zomato hit the atl?
Do u think it will become a penny stock?
zomato - be ready to buy at 30.75the stock is falling.....will fall more.....fall is likely to stop at 261.8% fibo level which will also be the end of the 5 way down move........be ready to buy at 30.75 for thumping gains...
ZomatoZomato ... On the way to penny stock ???
Maybe / Maybe not.
from a high of 169 to 53 almost 2/3rd value erased..
three exits marked (red line).
downside possibilities also marked.
Happy Trading...
Zomato 1HJust placed my idea in Position drawing.
Can go more upward.
Note: Please book your Stop Loss after Candle Closes (avoid SL Hunting).
Grey : Small Resistance/Support Levels
Green: Buying or Support Zone (buy at support)
Red: Selling or Resistance Zone (but after breakout)
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
