Multibagger stock Zomato is leading company in food supplying in India. In chart of this stock is very impressive & near crussiel registaance above 85 cross then buy long
ZOMATO trade ideas
Bullish Pennant Breakout: ZOMATO Faces Strong ResistanceZOMATO has encountered a significant daily resistance level following a recent breakout from a bullish pennant pattern. The price action indicates a notable rejection, as the highlighted resistance level is being respected. In the 84-87 region, there has been substantial selling pressure, resulting in a significant price drop. The historical price movement suggests that the bullish sentiment may start to weaken or slow down.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
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!!
Chart of the week!Zomato has given a double bottom pattern 'W' breakout this week. This is a very powerful and sustainable trend reversal pattern. Therefore, in my opinion, a position could be made in the stock considering the down trend is over. This is a very sweet spot and one should invest periodically in this stock.
CMP - 77.6 W (9/6/23)
T - 85, 100, 115 W
SL - 71 W
ZomatoZomato has consolidated for a while and ready to make a good rally in the coming few weeks
Please find the resistance and support levels marked on the chart.
Zomato can zoom till 30%the stock has corrected more than 60% since listing.
after digesting listing move, the stock formed triangle pattern (consolidation zone) on weekly TF and broke it out successfully.
RSI above 60 is also confirming bullish momentum.
Fresh long position can be initiated above 68.5 with the stoploss of 64.
our expected targets are 74.5-85 in short term.
holding period should be 2weeks to 8 weeks.
Long in ZOMATOZomato today's closing upper side of 50EMA at daily chart.
According to previous data after cross 50EMA daily chart zomato gives 10 point in almost 4 days.
ZOMATO - Weekly AnalysisIn the Weekly Chart of ZOMATO ,
we can see that, consolidation is done in a range.
Soon we can expect a good momentum
Zomato: The Tomato ( rotten one for investors )Mcap 45,000 Cr
Road to Profitability : Never
Dont get fooled by the Q3 profit numbers in the light of crashing share prices by the few of these charlatans.
Already down 50% from teh listing date.
DoorDash, teh US listed entity in food delivery is down 80% from $250 to $60.
Order food here till they close down but stay away from the scam.
Buy Zomato, Medium and Long Term Zomato
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
Buy @51 around
Medium Term Target @ 67 around
Long Term Target 100+
Expecting 100% + Upmove
Also add More in any Dips
zomato make higher low and cross lower high first timeresult bet
cmp 48.9
sl 47.55
target 52.1
keep position sizing in control
zomato is dark horse or just a loss making statup HI there TV what every i share is not a finical advice my objective here is to educate you i don't take responsibility for your loss you are a rational adult do your own research before doing anything
we have been tracking zomato for a while, it peak our interest now
we have been waiting for it to fill the gap, it finally fill it now
now what we are expecting a decent bounce here these are resistance which only care about
if bulls, able to defend 40.70 then it will have a Swing pattern failure and target will be from 75 to 127 give or take few bucks
now come the bad news zomato is in bearish trend lower low, lower high but if bears fail this time bears fail to break to new lows then we will have a bounce and if reject from 98-88 range then downside potential is huge it can crash to 16 easy that is our bearish view on this
have fun ladies k910 out
Har har Mahadev ...................
Order in zomatoBuy Zomato around 45 levels targets 120+
Keep accumulating all the dips keeping mid to long term in view.
Zomato Stock Buyers Be WarnedZomato stock has been in a steep downward trend. It has formed a small head and shoulders pattern and moved below the 50-day moving average. It has also plunged below two important support levels. Therefore, I suspect that it will crash by about 20% to its all-time low.
BUY ZOMATO just intraday Buy at current level 51.1 keep stop loss 50.5 and target will be 51.9/52.1/52.5 just intraday and if price moves above 52 then you can go for BTST..its just a trading idea because inverted head and shoulder ka breakout hua h 15 mints time frame pe so chota sa upside dikh skta hai aj aur kal k lie lekin intraday me he sale kr dena.
Any ideas on this?I think it is about to break its descending broadening wedge with an upside of 27%
Zomoto good technically??as per my chart analysis zomoto good for buying . it tooo reversable support 44 is strong support area ..comming day Zomoto may give breakout 130 is my first target . good volume in zomoto
