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....
Zomato's stock appears to be on a bullish trajectory, with market indicators pointing towards a target of 200. Investors are eyeing potential gains, while also implementing a stop loss at 173 to manage risks effectively and safeguard against potential downturns
Zomato Ltd. engages in the business of operating as an internet portal. It operates through the following segments: India Food Ordering and Delivery; Hyperpure Supplies; Quick Commerce Business; and All Other. The company was founded by Pankaj Chaddah, Gunjan Patidar, Mohit Gupta, Deepinder Goyal, and Gaurav Gupta in 2008 and is headquartered in Gurgaon, India. ...
Zomato is almost trading near its all-time high. Monthly, weekly, and daily RSI is above 60. Volume is increasing as it is nearing its ATH. The chart pattern looks like a cup, and the break line is crossed with a fair volume. One can easily trade for a 1:2 Reward Ratio and trail if the up trend continues.
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:...
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...
NSE:BARBEQUE BARBEQUE 733 TGT 890 SL 660 TF <6 M RR >2 Return > 21% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge...
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
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...
ZOMATO 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...
We 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...
Poor 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!!
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...
Zomato 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.
refer chart for details Double bottom on lower time frame confirms the upside impulse move
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.
Zomato 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.