Zomato - Swing Long SetupZomato has already broken the entry zone on the 15-minute chart , confirming the entry price at 271 . This setup is valid only for today. Here’s the trade plan:
Entry Price: 271
Target: 320.2
Stop Loss: 240.40 (Stop loss will trigger only if a daily candle closes below this level)
With the entry confirmed at 271 , I’m aiming for a potential move toward 320.2 . The stop loss is set at 240.40 , but will only be triggered if a daily candle closes below this level.
Important: This setup is valid for today only. I'll reassess after today's close for further action.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Zomatoltd
#ZOMATO INTRADAY TRADE SETUP 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
ZOMATO be FEARFUL when others are GREEDY!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 any action.
Peace!!
ZOMATO Towards 130 levelsWe 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 at this point of time and price
ZOMATO getting ready to take-offZomato 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
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