Stock closed near Resistance Zone wait for breakout or rejections at marked zone for entry. All expected entry zone Mentioned on Chart Bullish > 293 Bearish< 289 Use SL trailing method to secure peofits
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
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...
We 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...
Poor fundamentals will lead to a massive fall ahead. Around 25% upside left upto 90-95 levels before a 75% fall towards 22.50 level. This is not a trade recommendation. Hope you find my insight helpful. Do your own due diligence before taking any action. Peace!!
Closed Price 65.45 Swing Exit @ 80 + Support / Risk Below 61
Zomato 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
This 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: ...
This Technical Analysis clearly said Zomato now free fall this fall continue up to near 20
ZOMATO LTD expected 43 38 33 best buy between 33 to 43