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ZOMATO trade ideas

Zomato to Hit life time high- short TermZomato 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 targets can be of life time high is also likely (162-165) 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 and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
NSE:ZOMATOLong
by DrPrashantVerma
Trade idea in Zomato for Long term 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 I am Bullish in Zomato for an extremely long term period And if it publishes magnificent Q4 results as well then I am buying more
NSE:ZOMATOLong
by LeonCallz
Zomato Simple Analysis BullishNSE: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 Price should continue its newly begun Up-Trend by making Higher highs and Higher Lows in this chart and eventually reach beyond 169. With a Target of 169, we can expect a 76.87% Return on Investment in this chart for now.
NSE:ZOMATOLong
by priceissupreme
Zomato the Tomato - now looks like Half-cut Onion :)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 Trending Memes on Social Media that Zomato price is Less than a Tomato With the recent Strategic changes brought in by the management and coverage of most of its Debt, Zomato has not shown strong signs of a Bullish Reversal and also hints of becoming a Multi-bagger stock On the Technical Front - Zomato formed Multiple Concentric Rounding Bottom Patterns right from 120 level to 160 (CMP 161). Each Rounding Bottom Pattern slightly bigger than its predecessor resulting in incremental increase in Targets. With so many concentric circles (Rounding Bottoms) - Zomato Chart now Looks like a Peeled Onion :) :) :) Technicals: At CMP (161) - Zomato is has completed one of the Earlier targets set and also on the Verge of its Last and Largest Rounding Bottom Pattern. A Strong BO above 161 WCB will take the stock to 185, 245, 280 (Almost 2x from here) Note: Our Recommendation and Entry was approx. 103 levels and we are already at 55% Profits and target of 280 is approx 2.7x from Recommendation :) Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered Our focus is NOT providing Buy/Sell Recommendations/calls Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ZOMATOLong
by Stocks-n-Trends
3
Zomato Bullish Tend to Continue- near term and short term viewThe 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 and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
NSE:ZOMATOLong
by DrPrashantVerma
1
ZOMATO LTD Support & Resistance Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:ZOMATO
by zenthosh
Zomato: A mordern era multi-bagger in making?I am so strongly bullish on Zomato since it started its upward journey after getting punched due to its high valuation and loss-making company. since its IPO I have been bullish on this company, because i am a user for them and have also seen the upgrade in their product what they are coming with and the good expansion plan. at the end of the day is a modern company that is based on technology and a huge supply chain. every consumer who uses or who came across the product of Zomato and invest after a very hyped IPO as a first ever new-edge company got exhausted after remaining only 33% of the value from its IPO price around 49-50rs a share, there is some effect of "funding winter" also in indian start-up market. but then things started to fall in place; company started adding product that will make them profitable and sustainable in long term, deepy (deepinder goyal) also stated and proved by many means that they will be earing profits in couple of years same as the revenue they are making now which is approx 1000Cr INR. This stock moved rapidly and with very high degree of curve from 50 to 100 and 120. and now it is heading towards 190-200 in next 6-8 months and i have no doubts if the company continues makes money "IT will be in nifty 50, before anyone can even assume". Zomato is a mordern era multi-bagger, if you want to feel the infy, HDFC, and TItan story you must have this in your portfolio.
NSE:ZOMATOLong
by KelvinBhavsar
ZOMATO ZOOMING UP? 🚀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: None of the posts here represent any buy/sell advice. Only sharing the analysis for educational purposes.
NSE:ZOMATOLong
by nikhilchhabra