ZOMATO LTDLong
#bullish zone ''zomato signaling uptrend...( near support zone)
investing idea Observations and Analysis for ZOMATO
1.Price Correction:
Zomato has seen a 26% correction, primarily due to market volatility. The price is approaching a strong support zone between ₹240-₹244, which presents a potential buying opportunity for long-term investing.
2.Entry Strategy:
Entry Zone: Wait for confirmation of price stability within ₹240-₹244 before entering a position.
🔴Stop-Loss: Set a strict stop-loss at ₹233.74 to minimize potential losses.
3.Target Levels:
🟢TP1: ₹255.55
🟢TP2: ₹262.90
🟢TP3: ₹279.10
🟢TP4: ₹286.45
4.Risk Management:
Use proper position sizing and risk management as the market remains volatile. Ensure you do not risk more than you can afford to lose.
🟠Disclaimer:-
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only. Please consult a professional financial advisor for personalized investment advice. Trade responsibly and at your own risk.
If you find this analysis helpful, please like and share!
ZOMATO1.Price Correction:
Zomato has seen a 26% correction, primarily due to market volatility. The price is approaching a strong support zone between ₹240-₹244, which presents a potential buying opportunity for long-term investing.
2.Entry Strategy:
Entry Zone: Wait for confirmation of price stability within ₹240-₹244 before entering a position.
🔴Stop-Loss: Set a strict stop-loss at ₹233.74 to minimize potential losses.
3.Target Levels:
🟢TP1: ₹255.55
🟢TP2: ₹262.90
🟢TP3: ₹279.10
🟢TP4: ₹286.45
4.Risk Management:
Use proper position sizing and risk management as the market remains volatile. Ensure you do not risk more than you can afford to lose.
🟠Disclaimer:-
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only. Please consult a professional financial advisor for personalized investment advice. Trade responsibly and at your own risk.
If you find this analysis helpful, please like and share!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.