As Zomato crossed its 200ma, I'm watching if that develops into a support.
Zomato was trading in a range today gave clear breakout.
I'm curious to see the next move for Zomato after it broke above its 200ma.
Sharing idea based on analysis, if you like it kindly boost this post. Thank you for connecting
Inverted Head & Shoulder Break Out Trend Line Break Out MACD Cross over Positive Above Zero Line in Weekly/Daily/Hourly RSI above > 60 Positive Cross over of 5 EMA, 13EMA, 26EMA ADX above 15 I am not a SEBI Registered Broker This is my study and only for the Education Purpose.
1 = Stock has broke important trendline 2 = given breakout on weekly time frame 3 = stock is above moving averages 4 = stock has good buying volumes our analysis is for educational purposes only
Good Day, Hello Traders, Zomato looks good from here on but it all will depend on the trend of the market as the festive season is coming up (Diwali), Sales will be up and this will reflect in the Price. Also it is coming out of as a breakout of a Big Trendline and sustaining above it succesfully. Made a big Rounding bottom It made a low at 38.10 (August)and...
ZOMATO - Seems like the stock has bottomed out. One can add here for portfolio perspective
Zomato make uptrend flag pattern and breaks the resistance
stock chart again and again facing the resistance of trendline once it break may we can see a sharp upside movement and it's also making triangle pattern
Zomato has been consolidating for months and any time a sharp breakout may come. Go long. Targets have been marked on the chart. Take the position at your own risk. This is only for education purpose. Happy Trading :)
Hi, guys retest my analysis, stock are under value positon hgh volum riquired to break the 200 ma *Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss or this post is not to hurt anyone sentiment or reputation it is for educational purposes.......
Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss or this post is not to hurt anyone sentiment or reputation it is for educational purposes....... Not done yet there is gap in stock shared the possible path zomato can follow in watch out for pp And dca into buy zone if market conditions looks good...
this is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
Zomato is a SELL because: - Promoters Selling - No Moat in business - Valuations High
Zomato looks pretty good on the daily and monthly chart - Positive Price Action - Started forming bullish structure( HH- HL) - Huge volume on August Monthly Candle Sustaining 53 levels, the stock is most probably moving towards 75 to 85 levels in the coming weeks. Type of Trade: Long Positional Trade Buy on dips