Long
ZOMATO --CONSOLIDATION BREAKOUT
ZOMATO --DAILY CHART SETUP- CONSOLIDATION BERAKOUT
1. ZOMATO seen trade at lower channel previously, bottom formation seen around 40 odd level .
2. Lower channel breakout seen above 60 level and stock consolidate 60 to 70 level, in last few weeks .
3. triangle pattern breakout as well as consolidation breakout seen last trading session with huge volume above 65-72 level . and stock close above 72 level last trading session, indicate stock ready to move upword from consolidation phase .
4. trix crossover seen from center line ( 0 line ) is also strong bullish indicator.
5. one can initiate BUY above 70 level for target 75-80-85-90 short to mid term, stop loss can place bellow consolidation support at 59
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..! TRADE AT OWN RISK .
HAPPY TRADING ,!!
1. ZOMATO seen trade at lower channel previously, bottom formation seen around 40 odd level .
2. Lower channel breakout seen above 60 level and stock consolidate 60 to 70 level, in last few weeks .
3. triangle pattern breakout as well as consolidation breakout seen last trading session with huge volume above 65-72 level . and stock close above 72 level last trading session, indicate stock ready to move upword from consolidation phase .
4. trix crossover seen from center line ( 0 line ) is also strong bullish indicator.
5. one can initiate BUY above 70 level for target 75-80-85-90 short to mid term, stop loss can place bellow consolidation support at 59
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..! TRADE AT OWN RISK .
HAPPY TRADING ,!!
Note
Target 1- 75 HIT ...9.16 AM ..14/11/2022
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.