Zomato CMP:174.20; RSI: 66.50;
Short Term View: Zomato has completed 5th wave and entered in ABC pattern correction. This short term momentum will fizzle out in 1 week time frame, before that the script may show price of 181-182 levels, and eneter in wave-C correction phase.
Mid Term View: Script will break down and fall below Rs: 158 in months time ....
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....
People usually find it difficult to Invest in a strategic manner. The stocks in their portfolio are either based on news, Tips, or some random chart breakout.
Here are some logical investment themes to consider:
🎯When Income grows, people Invest - companies that facilitate investment, especially the capital market.
🎯 The hype to show off travel - Travel and...
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
Only for educational purposes.
as u can see ZOMATO LTD is @ all tym high,
so buy on dip advisable.
u can buy if candle reverses from Demand zone or 20 EMA.(entry point btw 160 to 165).
Then Targets will be 169,176 and 188.
SL 155
Zomato CMP 139.55
RSI: 71.38
Target: 145 (1W) - 150-(2W)-162-165 ( 8W)
Zomato at its second resistance level should break it in upwards direction in a weeks time and conquer its target of 145 in a weeks time. While on charts targets of 150 can be seen in in a 3 weeks time frame, before it retraces back to second resistance zone and should retest it. Third leg of...
ZOMATO IS descending channel pattern breakout.
previous trend is uptrend and I think this small correction.
volume is good.
set stop loss in 5 %
don t bulk investment. buy little by little.
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. ...
NSE:ZOMATO in the past was in a severe downtrend making Lower Lows and Lower Highs.
But the Trend has changed recently after the Price engulfed a Lower High and made a Higher High in this Candlestick Chart.
Also, a "W" shaped Recovery can be seen in this chart which should take the Price up to "All Time High" which is beyond 169.
The expectation is...
Zomato right from its IPO was always on the Lime-light for both Positive & Negative reasons till-date. Many were apprehensive of Zomato's success given the enormous amount of Debt the company carried during its IPO & Post-IPO days
Not Surprisingly, after a brief Upmove right after IPO, the Price started falling so sharply and badly that it became one of the most...
1) ZOMATO is trading well above the listing price (115 to 138).
2) The stock is almost near it's All Time High of 169.
3) Moving Average Cross-Overs ( 20, 50, 100 & 200 ) indicate Positive Territory.
4) Consistent Volumes indicate good interest (Demand) in Stock.
5) Parameters from Fundamental Analysis also show improvement.
6) Worst Case Scenario Rs 65 on...
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.
The Next possible resistance will be faced at 126.5 in coming week and followed by the validation of support level @120 before resuming to upward trend to achieve 135 level in a months time frame.
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice...
Looking good for the next leg of rally as it closes one of the main Gann levels @130.4 which would be the SL just fe points below that
Targets and Trailing SLs are marked as per the blue levels
