Zomato Intraday Levels : 23-Sep-24 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
Zomatotrendanalysis
Zomato Intraday Levels : 18-Sep-24Stock closed at support Zone. Rejection from zone and Trendline upside Breakout can expect upside momentum else breakout of support drag price for downside
Bullish > 273
Bearish < 268
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!!
Zomato Rejection On Weekly CandleIf Zomato breaks below Rs.65 - 63 levels, Likely to test the all time low.
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 Trend AnalysisPoor 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!!
