NSE:ZOMATO
#ZOMATO given to our friends @ 58 Entry, and it reached 72.1 with is exactly 25% in just 5 days.
Perfect shot or #Snipershot entry, post crossing this level script never lookback.
Further levels updated for practice,
Happy LEarning !!
To take a contra position (long) in zomato then 50 level needs to be respected and a reversal should come thereon.. price is travelling on a descending channel and has made two waterfalls, a third one could be coming as well.. if a reversal does occur then the above area of resistance at 75 could be the target. One needs to wait for a green candle close, before...
Simple & very easy way to Identify DEMAND/SUPPLY for #ZOMATO (Zomato Ltd).
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown
Given that the current progression looks to be either an Impulse to the downside as Wave C or a corrective continuation, expect Zomato to see more fall in the short term.
Also any upmove for now be a pullback, hence allowing us to plan shorts from a swing perspective.
IF SOMEONE IS HOLDING ZOMATO SELL AT MARKET ORDER
WE CAN SEE IT AT 10-20
- AFTER RBI's unexpected hike in repo rate by 40 bps up to 4.
.40% from 4% earlier.
banks started interest rate hike
Zomato at critical zone.
A close below 75 is not good at all
If takes support at 75 level we can see good bounce too
Trade accordingly
As of now structure bearish
A multiframe analysis of ZOMATO. Gives a long Entry signal if it give a good retesting.
Please wait for Retesting.
Please Share your thoughts.
Thank YOU
ZOMATO- HOURLY CHART -- INTRADAY SETUP - 18/04/2022
1. zomato seen trend reversal last few days from 76 level stock made high around 88 level .. consolidations still going on from 75-90 level till 90 level break closing basis
2. stock hit resistance fall to 81 level ..stock has trendline support near 81 level where we seen double bottom formation at last...
ZOMATO DAILY CHART - TREND REVERSAL SIGN
1. zomato has seen trend reversal last 2 trading session after sharp fall from 160 sub level to 75 level last 1-2 month stock consolidate at 75 - 90 level , 75 find as support and 90 as major resistance for this consolidation .
2. 1st trend reversal sign is MA , EMA Crossover around 78-80 level ,
3, 2nd trend reversal...
Here you can see in zomato had a very good consolidation and recently made a breakout of the trendline and seems it taking a retest pullback before a good upward move take an swing trade for 3-4Days.
🌟Trade can be taken as per given levels.
