Zomato
Zomato Break Out
Inverted Head & Shoulder Break Out
Trend Line Break Out
MACD Cross over Positive Above Zero Line in Weekly/Daily/Hourly
RSI above > 60
Positive Cross over of 5 EMA, 13EMA, 26EMA
ADX above 15
I am not a SEBI Registered Broker
This is my study and only for the Education Purpose.
Zomato : Gearing up for 80 & 88. Possible 116 in the near future
Good Day,
Hello Traders,
Zomato looks good from here on but it all will depend on the trend of the market as the
festive season is coming up (Diwali), Sales will be up and this will reflect in the Price.
Also it is coming out of as a breakout of a Big Trendline and sustaining above it succesfully. Made a big Rounding bottom
It made a low at 38.10 (August)and trading now at 70.30 .Slowly it will achieve small target of 80
and 88.
Possible target around 116 as it is the depth of the cup which is in the making.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
Zomato analysisthis is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
ZOMATO getting ready to take-offZomato looks pretty good on the daily and monthly chart
- Positive Price Action
- Started forming bullish structure( HH- HL)
- Huge volume on August Monthly Candle
Sustaining 53 levels, the stock is most probably moving towards 75 to 85 levels in the coming weeks.
Type of Trade: Long Positional Trade
Buy on dips
ZOMATO reaching 80 after volume reversal from trendline.A very clear trendline break with one resistance at 80 if it's able to take that it may test ATH. For now it looks good for an upside swing.
Zomato - Channel Pattern - Only Educational PurposeThis is very risky stock so just consider for learning purpose.
My view is just technical analysis you can check fundamental analysis in details.
Risk Management is important than setup
Manage your risk
Channel Learning
Very Volatile and Risky stock
if day candle close above 68
Target 1: 85
Target 2: 94
Rejection from channel then short
Target 1: 50
Target 2: 40
Zomato break out of bullish h&sh , break out of trend line Zomato give a very bullish signal due to its breakout of head &shoulder pattern and trend line break soo buy it above 64.5
Our target 67.5, 70.50, 73.2, 75.75
Sl 57
Zomato LTD - Short PositionHaving closed yesterday at a price of $43 the price has seen buying momentum throughout the week as represented by the daily green candles.
When taking a broader picture, the golden lines present the swing low/ high points since the start of 2022. This shows an incredibly greater resistance to the short-term buying trends like those presented in the past couple days and a far greater bearish momentum.
The data present monthly Fibonacci pivot levels. Currently priced at $45.5, the stock is valued moderately within its middle, S2 support level (PP 0.618).
The middle bound; P value is equal to $62. Based on the current macroeconomic climate and the stock’s previous yearly performance, the overall trends presented are bareish in sentiment. Therefore, it is unlikely for the price to reach this level by the end of the week. It is highly unlikely to reach its resistance. I anticipate the selling candles to begin to resist the green buying candles however I anticipate the green candles to reach at least $47.8 before this resistance begins to occur.
Therefore, our target is bareish and we anticipate the price to strengthen towards a greater support level. The target is in line with this month’s Fibonacci S3 (PP1 Pivot level). We have set the purchase price as $47.8, this allows a reasonable P&L level and Risk/Reward level.
Zomato 🍅Zomato stock need some pull back, maybe it take support from Trend line ,and here also complete harmonic abcd pattern. So good for short term ( risky trade ##( falling knife)##
Zomato Free Fall This Technical Analysis clearly said Zomato now free fall this fall continue up to near 20
ZOMATO LTD expected 43 38 33 - Next Expected MovesZOMATO LTD expected 43 38 33
best buy between 33 to 43
Zomato breakout above 90On daily chart zomato is trading in a range near support area.
Closing above 90 will attract fresh buying.
Zomato : technical analysis view here we can see, in recent time it formed a good support area and there is a trend line breakout
time frame : 1 D
Zomato wait and watch Zomato is still in those phases where we need to judge this for more time,
Not good trade for right time in my opinion, let's see it will go
ZOMATO on DAILY If price sustain above 82 levels. Can expect up side for 90s level. Views are personal and only for educational purpose. Not any call/tips
BULL RUN ON ZOMATO!!!This is very good news for Zomato holder as the stock is taken its liquidity from the Price ~Rs129 and now the target expected from this point is almost ~Rs149-Rs150. Which is just great!
zomato nse long zomato pricing testing a key broken resistance level 140. looking for long opportunity 141.50-140.00.target 150 ,155
ZOMATO INTRADAY for 16.08.2021BREAKOUT DONE!!!
INVERTED HEAD AND SHOULDER PATTERN!!
Breakout with good volume!!
CAN make a good high!!
TARGET PRICE=147/145/150
STOP LOSS= 135 or go with trailing stop loss OR can do till 44 EMA LINE!!
200 EMA LINE IS BELOW THE BREAKOUT CANDLE SO CAN MAKE A GOOD TRADE!!
(ABOVE analysis is only for study purpose do not take as any buy or sell call!!)
ZOMATO 15MINZOMATO 15MIN is travelling is a zone with a triangle a pattern breakout that can give targets.
ZOMATO INTRADAY!! as on 12.08.2021KIND OF INVERTED HEAD AND SHOULDER PATTERN FORMATION!!!!
CAN MAKE A GOOD call if gives a breakout above the neckline !!
NOT A CONFIRMATORY CALL AND IF BREAKS BELOW THE NECKLINE can honour the 44 EMA AND MOVE BACK DEPENDS ON VOLUME !!
DO CHECK THE BREAKOUT CANDLE VOLUME!!!
CAN MAKE HIGH 10 RS HIGH PER SHARE!!
STOP LOSS stop on neckline if breaks above and breaks down take 44 ema as stop loss and wait for retest!!
(only for study purpose do not take it as any buy or sell call)
Zomato Opportunity !!Buy it !! dnt fall in the big dip pocketter's illusion !!
Trust on the business concept and future !!
Buy and Hold !!
