Zomato looking good for upsideThere is a trendline breakout in zomato on daily frame. From here, we can expect targets of 264, 268, 281, 286 & 291.
Stoploss for this investment would be around 240.
ZOMATO trade ideas
ZOMATO LTD S/TSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
ZOMATO 300 UPSIDE POSSIBLE IN TWO MOTH HOLD TIGHTLYZomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, Loyalty programs, and others.
As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers
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 is on the verge of a breakout! With the current price action targeting the 281-288 range and potential to push further towards 298, Zomato is shaping up to be one of the hottest stocks to watch! 🔥 But don't forget to manage your risks — the bull trend would be invalidated below 268, so keep a close eye on those levels.
What's really exciting about Zomato’s growth isn’t just the food delivery game, though. The integration and rapid expansion of Blinkit is giving Zomato a huge boost! 🚀 Blinkit’s quick-commerce model is redefining convenience with ultra-fast deliveries. In a world where instant gratification is king, Blinkit’s impact on Zomato’s topline growth is undeniable. 📦💨 This partnership is enabling Zomato to expand its footprint, tapping into new markets and enhancing user experiences across both food and everyday essentials.
With an explosive synergy between Zomato and Blinkit, this stock could be positioned to soar in the coming months. 🚀📊 Don’t miss out on the breakout—let’s see where this momentum takes us!
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
ATH breakoutGood volume build up in daily timeframe.
ATH breakout with good volume buildup.
Fundamental's are OK and improving.
FII & DII stakes are up.
NOTE: I do my analysis, do yours before trade.
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 chart analysisZomato chart analysis on daily time frame. It looks like that zomato is at resistance level and looking good to break resistance.
Please share your feedback.
ZOMATO Hourly breakout looks solid for 280?Zomato Breakout Alert 🚀
Zomato has broken through a key resistance level at ₹245, signaling strong bullish momentum. 📈
Volume Spike: The breakout is accompanied by higher-than-average volume, indicating strong buyer interest.
Next Resistance: The next major resistance to watch is around ₹261.
Support Level: Immediate support lies near ₹252, which was the previous resistance.
RSI: RSI is trending upwards but remains below overbought levels, suggesting further room for upside.
This breakout could set the stage for a sustained upward move. Keep an eye on the volume and overall market sentiment for further confirmation. 🚨
Zomato-4- Chart AnalysisZomoto; CMP:185.50;
Zomato chart structure seems is very strong, it’s a good buy at the current market price (range of 188-190) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis.
The various swing targets for the script are- Target- 1- 212-215; Target-2- 226 -230;
While the final Target on charts is seen at Rs 285-290 level .
Script will face major resistance at 246.5 level before marching towards the final target.
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ZOMATO LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Take a look at zomato zomato showing some strenght
RSI above 60
Use Fibonacci for target
i am expecting 250
SL 190
This is not buy sell advise. Only for educational purpose
ZOMATO to be added to your Watchlist for a possible break out!1) ZOMATO is trading well above the listing price (115 to 138).
2) The stock is almost near it's All Time High of 169.
3) Moving Average Cross-Overs ( 20, 50, 100 & 200 ) indicate Positive Territory.
4) Consistent Volumes indicate good interest (Demand) in Stock.
5) Parameters from Fundamental Analysis also show improvement.
6) Worst Case Scenario Rs 65 on Down-Side (based on Fixed Range Volume Profile).
7) Current Trading Price is definitely not at 1kg Tomato Price (As has been the case before).
If Breakout Resistance then Entry long position.If Breakout Resistance then Entry long position. It good entry for swing trade.
Long zomatoRSI breakout happened. ALready in trend.
Keep your eye for levels are marked in the chart.
Zomato looking promizing. can buy for long term as well. Earnings realease in a week.
Zomato daily chart analysisZomato chart analysis on daily time frame. Please give your valuable feedback.
Cup and handle pattern formation for Zomato You can see the cup and handle pattern for Zomato and it's in uptrend support line should be near 144 and Target for Zomato 248 good time to invest in 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 :)
Zomato - Logical Investment ThemesPeople usually find it difficult to Invest in a strategic manner. The stocks in their portfolio are either based on news, Tips, or some random chart breakout.
Here are some logical investment themes to consider:
🎯When Income grows, people Invest - companies that facilitate investment, especially the capital market.
🎯 The hype to show off travel - Travel and Hospitality companies especially those based in these Hyped Locations.
🎯 Financial Literacy is pushing for Medical and Term Insurance. A.k.a. Insurance Companies
🎯 The life expectancy is improving but old age needs care. Also, Given the sedentary lifestyle and Cheese grilled sandwich with extra cheese for lunch, youngsters are not that behind - Hospitals and Pharmaceutical companies
🎯 All the strategic ancillaries to the above-mentioned sectors.
✳Two Imp tasks:
1. Pick top companies in both, established and growth phases
2. Holding and averaging power for at least the next 7 - 10 years
Is there any other logical investment sector on your mind? Feel free to comment.
Until the next one, Adios!👋
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely 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. Like everybody else, we too can be wrong at times ✌🏻
ZomatoStock has been in an uptrend making HH HLS
ON line chart it has given a breakout with rising volumes.
Breakout trade iwth S.l below 21 ema can be taken
