Zomato - Swing Long SetupZomato has already broken the entry zone on the 15-minute chart , confirming the entry price at 271 . This setup is valid only for today. Here’s the trade plan:
Entry Price: 271
Target: 320.2
Stop Loss: 240.40 (Stop loss will trigger only if a daily candle closes below this level)
With the entry confirmed at 271 , I’m aiming for a potential move toward 320.2 . The stop loss is set at 240.40 , but will only be triggered if a daily candle closes below this level.
Important: This setup is valid for today only. I'll reassess after today's close for further action.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Zomato
Zomato: Your order is ready?Here are things you should know:
- 14 months of pure sideways consolidation
- Clearly defined support and resistance
- 6 Week consolidation at the resistance zone makes the resistance weak
- Volumes have died out. That usually happens when the price consolidates
- Investing in such companies is a matter of trust and confidence in the company and its management. It may take a while for such innovative companies to generate wealth with long-term holdings.
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Trade idea in Zomato for Long term Zomato Ltd. engages in the business of operating as an internet portal. It operates through the following segments: India Food Ordering and Delivery; Hyperpure Supplies; Quick Commerce Business; and All Other. The company was founded by Pankaj Chaddah, Gunjan Patidar, Mohit Gupta, Deepinder Goyal, and Gaurav Gupta in 2008 and is headquartered in Gurgaon, India. NSE:ZOMATO
I am Bullish in Zomato for an extremely long term period
And if it publishes magnificent Q4 results as well then I am buying more
ZOMATO LTD is looking bullish.Zomato is almost trading near its all-time high. Monthly, weekly, and daily RSI is above 60.
Volume is increasing as it is nearing its ATH.
The chart pattern looks like a cup, and the break line is crossed with a fair volume.
One can easily trade for a 1:2 Reward Ratio and trail if the up trend continues.
ZOMATO ZOOMING UP? 🚀Zomato Ltd has come a long way to form a ascending triangle pattern while respecting the upward sloping trendline. The stock also seems to be outperforming NIFTY Index. RSI levels too support the stock to zoom up new levels and break its previous zones from where it fell sharply. On the charts it looks like a breakout is imminent in the near term.
Disclaimer: None of the posts here represent any buy/sell advice. Only sharing the analysis for educational purposes.
ZOMATO - Golden Cross Possible upside of 30%NSE:ZOMATO
After a year of downtrend, Golden crossover has formed indicating possible long upside for 3 to 6 months.
Highly possible that if the market give good rally then the share would break previous high (Rs. 168).
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
#BARBEQUE 733 - 20% upside Buy recommended - Rachit SethiaNSE:BARBEQUE
BARBEQUE 733
TGT 890
SL 660
TF <6 M
RR >2
Return > 21%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#ZOMATO INTRADAY TRADE SETUP Greetings Folks,
today i have prepared a setup of ZOMATO on NSE
the analysis is as follows
- the stock is one of the volume leaders today
- broke out of previous with good volume
- now doing the traditional retest
- you can buy now or go for a conservative entry with the below zone i marked
dont play with fire, always use predefined stoploss
ZOMATO be FEARFUL when others are GREEDY!It's simply the best time to exit ZOMATO according to me.
I have updated the wave counts for your reference.
It's most likely to form a WXY pattern on a cycle degree.
Wave Y may form ending diagonal in 5 wave formation with a downside of upto 26 level.
A fall of around 73% from CMP.
I am just sharing my views here.
You do your own due diligence before taking any action.
Peace!!
Bullish Pennant Breakout: ZOMATO Faces Strong ResistanceZOMATO has encountered a significant daily resistance level following a recent breakout from a bullish pennant pattern. The price action indicates a notable rejection, as the highlighted resistance level is being respected. In the 84-87 region, there has been substantial selling pressure, resulting in a significant price drop. The historical price movement suggests that the bullish sentiment may start to weaken or slow down.
ZOMATO Towards 130 levelsWe have seen a remarkable rally in Zomato Ltd in the past few months from 45 levels to 75 levels, that's a whopping 81% gain in a span of about six months only.
Well, the stock doesn't seem to stop here and has the potential to give another 70-80% gain in another 6-8 months' time, if sustains above 69-70 levels.
It can be a great risk to reward positional trade at this point of time and price
Zomato can zoom till 30%the stock has corrected more than 60% since listing.
after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully.
RSI above 60 is also confirming bullish momentum.
Fresh long position can be initiated above 68.5 with the stoploss of 64.
our expected targets are 74.5-85 in short term.
holding period should be 2weeks to 8 weeks.
Zomato: The Tomato ( rotten one for investors )Mcap 45,000 Cr
Road to Profitability : Never
Dont get fooled by the Q3 profit numbers in the light of crashing share prices by the few of these charlatans.
Already down 50% from teh listing date.
DoorDash, teh US listed entity in food delivery is down 80% from $250 to $60.
Order food here till they close down but stay away from the scam.