ZOMATO trade ideas
ZOMATO LTD Support & Resistance Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
Zomato view for next few daysZomato.. watching for next few days..
Probable support area 114.. if it is not breaking below then more chance for bulls..
Zomato: A mordern era multi-bagger in making?I am so strongly bullish on Zomato since it started its upward journey after getting punched due to its high valuation and loss-making company.
since its IPO I have been bullish on this company, because i am a user for them and have also seen the upgrade in their product what they are coming with and the good expansion plan. at the end of the day is a modern company that is based on technology and a huge supply chain.
every consumer who uses or who came across the product of Zomato and invest after a very hyped IPO as a first ever new-edge company got exhausted after remaining only 33% of the value from its IPO price around 49-50rs a share, there is some effect of "funding winter" also in indian start-up market. but then things started to fall in place; company started adding product that will make them profitable and sustainable in long term, deepy (deepinder goyal) also stated and proved by many means that they will be earing profits in couple of years same as the revenue they are making now which is approx 1000Cr INR.
This stock moved rapidly and with very high degree of curve from 50 to 100 and 120.
and now it is heading towards 190-200 in next 6-8 months and i have no doubts if the company continues makes money "IT will be in nifty 50, before anyone can even assume".
Zomato is a mordern era multi-bagger, if you want to feel the infy, HDFC, and TItan story you must have this in your portfolio.
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💥-Nice Breakout💥Zomato💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -115-116
Breakout Price-115
Stoploss-87
Targets-167-208
RT for max reach
#Zomato #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
bullish for 60% up move1) very good 2023 Q2 results
2) stock at listed price level
3) results as good news for the stock and sentimental good for this stock
4) sentimental and chart-two combination can give better result
5) 185 level next target in 9-12 month
6) 125 is short-term target
7) no recommendation for buy-and-sell
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.
Zomato is back for surein my analysis I think the zomato is back with a boom
next 3 months it will touch 150+
Target 1 - 115 next 5 trading day
target 2 - 122 with stoploss of 114 ,(122 is not a strong support)
target 3 - 128 with stoploss of 120
Target is around 153 for a short time trade
Zomato time to think ofIt is the right time to keep an eye on Zomato
100 is a very strong resistance and support level
if it closes above 102+ in the weekend then a good chance to take entry with a stop-loss of
95.
Target 1 - 115 next 5 trading day
target 2 - 122 with stoploss of 114 ,(122 is not a strong support)
target 3 - 128 with stoploss of 120
Target is around 153 for a short time trade
ZOMATO : CUP Pattern & W Pattern...!Zomato Stock after long consolidation face on Daily TF ready to give breakout with volume support. On daily TF stock has made cup pattern & on Monthly TF made W pattern. Entry at CMP upside move can see at 114 to 134 in coming days.
#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
HOw to trade ZOMATOHOw to trade ZOMATO
probable chances of forming a flag pattern
trade above 65-66
stop loss 54
target 85
ZOMATO LTD LONGStock regular make higher high higher low formation is good for uptrend.
20 Dema and trend line low price is same. This is a Major support for bull run.
100 rs is a Major resistance
If break the resistance buy the stock for target price 130-135
Small S.L 87
Moving average also indicate uptrend.
Macd is Bullish
Disclaimer this is my personal view for education purpose only.
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's Ache din aanewale hai.Check out the levels
Finally after year of downtrend. Looks like there is some good news.
Expect the fall till 72 or max fall till 60
Chances of double within years time.
Zomato - Weekly Chart AnalysisComing out of base. Now should sustain these levels. Volumes are decent.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade the counter then do your own due diligence and trade at your own risk.
