ZOMATO reaching 80 after volume reversal from trendline.A very clear trendline break with one resistance at 80 if it's able to take that it may test ATH. For now it looks good for an upside swing.
ZOMATO trade ideas
Zomato - Channel Pattern - Only Educational PurposeThis 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: 50
Target 2: 40
Zomato break out of bullish h&sh , break out of trend line Zomato give a very bullish signal due to its breakout of head &shoulder pattern and trend line break soo buy it above 64.5
Our target 67.5, 70.50, 73.2, 75.75
Sl 57
Buy Long-Zomato at 62 for target of 78,SL-58,exp.returns-25.80%NSE:ZOMATO Cup and handle pattern break out with high volume.
ZomatoZomato has some positive buzz. A high risky stock and published for educational purpose only not a recommendation
Zomato LTD - Short PositionHaving closed yesterday at a price of $43 the price has seen buying momentum throughout the week as represented by the daily green candles.
When taking a broader picture, the golden lines present the swing low/ high points since the start of 2022. This shows an incredibly greater resistance to the short-term buying trends like those presented in the past couple days and a far greater bearish momentum.
The data present monthly Fibonacci pivot levels. Currently priced at $45.5, the stock is valued moderately within its middle, S2 support level (PP 0.618).
The middle bound; P value is equal to $62. Based on the current macroeconomic climate and the stock’s previous yearly performance, the overall trends presented are bareish in sentiment. Therefore, it is unlikely for the price to reach this level by the end of the week. It is highly unlikely to reach its resistance. I anticipate the selling candles to begin to resist the green buying candles however I anticipate the green candles to reach at least $47.8 before this resistance begins to occur.
Therefore, our target is bareish and we anticipate the price to strengthen towards a greater support level. The target is in line with this month’s Fibonacci S3 (PP1 Pivot level). We have set the purchase price as $47.8, this allows a reasonable P&L level and Risk/Reward level.
Zomato 🍅Zomato stock need some pull back, maybe it take support from Trend line ,and here also complete harmonic abcd pattern. So good for short term ( risky trade ##( falling knife)##
Zomato Free Fall This Technical Analysis clearly said Zomato now free fall this fall continue up to near 20
Zomato! Avoid trying to catch a falling knifeThe lock-in period for #Zomato expires today (1 year post listing). The stock is in a clear downtrend, and has broken it's previous lows. It might look like an anniversary sale, but it's a trap for anybody looking to make money in the short term. It's better to take exposure after it breaks-out above it's downward trend line and add when it crosses 76 levels..
Zomato - Bullish reversalNSE:ZOMATO had been trading in a downtrend for months and now seems like it found a bottom. It made a falling wedge structure in a downtrend which indicates that selling pressure is getting weaker and buyers are stepping in. It broke out of falling wedge resistance and now trying to take a support at the breakout level. If it succeeds in breaking 75 level, We could see it go up to previous supply level (115-125). Range between 115 and 125 is a supply zone as a huge selling volume came in between these two prices and price fell down sharply.
ZOMATO LTD expected 43 38 33 - Next Expected MovesZOMATO LTD expected 43 38 33
best buy between 33 to 43
Quick bounce possible in ZomatoZomato is oversold in all timeframes.
Expecting a pull back to 75 levels in short term
Zomato breakout above 90On daily chart zomato is trading in a range near support area.
Closing above 90 will attract fresh buying.
Zomato : technical analysis view here we can see, in recent time it formed a good support area and there is a trend line breakout
time frame : 1 D
Zomato wait and watch Zomato is still in those phases where we need to judge this for more time,
Not good trade for right time in my opinion, let's see it will go
ZOMATO on DAILY If price sustain above 82 levels. Can expect up side for 90s level. Views are personal and only for educational purpose. Not any call/tips
Sell Zomato after brakedown of the descending triangle pattern Sell Zomato after brakedown of the descending triangle pattern.
Avoid beig gap up and gap down
Zomato: delivering food for bears?Expecting one more bounce from 92 levels but I am still in favour of the stock to reach 62 before ends it lower trajectory. Aggressive ones can go for 82, one with patience and no FOMO should wait for 62, either it will be a big win or nothing. Educational purpose only,
Zomato can make more bearishZoamto important support and trend line. its give a retest for trend line and make a next down
