ZOMATO trade ideas
Breakout in zomato1 = 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
Zomato : Gearing up for 80 & 88. Possible 116 in the near future
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 trading now at 70.30 .Slowly it will achieve small target of 80
and 88.
Possible target around 116 as it is the depth of the cup which is in the making.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
Zomato one day chartstock 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| Long | Breakout soon!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 :)
zomato stock analysis Supreme price Action strategyHi, 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.......
Zomato is in troubleDisclaimer : 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
.................................................................................................................................................................Har Har Mahadev
Zomato analysisthis 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 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 stock view -28-08-2022This stock under trend line , Food Delivery stock , Let see there break out for further enter
Zomato India - How much Downside?The food delivery business in India is going through a re-biasing process.
Zomato and Swiggy had taken the markets by storm during the Pandemic era, and had seen strong tailwinds which made their toplines grow massively.
But now with the changes in the post pandemic era, we can see a significant demand for a dine-in experience. As more and more people get comfortable with crowds, and seek entertainment which are not restricted to dining in front of their TVs and in the closed environment of a select few, the demand for D2C dining will see a drop.
Additionally, cloud kitchens will be looking for local delivery partners, where the margin of profits can be higher. There is room to grow in the food delivery business if you can keep your overheads low, and increase the share of revenues for the producers. Unfortunately, Zomato and Swiggy will need to relook at their cost structure and this means a reduced Gross Margin.
Nomura for example sees a further 20% downside on the Zomato businesses.
Technically speaking, The price action is following a classic downward penant flag. We may see Zomato reach the 45 INR mark within the next 2-3 months.
ZOMATO reaching 80 after volume reversal from trendline.A very clear trendline break with one resistance at 80 if it's able to take that it may test ATH. For now it looks good for an upside swing.
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
Zomato break out of bullish h&sh , break out of trend line Zomato give a very bullish signal due to its breakout of head &shoulder pattern and trend line break soo buy it above 64.5
Our target 67.5, 70.50, 73.2, 75.75
Sl 57
Buy Long-Zomato at 62 for target of 78,SL-58,exp.returns-25.80%NSE:ZOMATO Cup and handle pattern break out with high volume.
ZomatoZomato has some positive buzz. A high risky stock and published for educational purpose only not a recommendation
Zomato LTD - Short PositionHaving closed yesterday at a price of $43 the price has seen buying momentum throughout the week as represented by the daily green candles.
When taking a broader picture, the golden lines present the swing low/ high points since the start of 2022. This shows an incredibly greater resistance to the short-term buying trends like those presented in the past couple days and a far greater bearish momentum.
The data present monthly Fibonacci pivot levels. Currently priced at $45.5, the stock is valued moderately within its middle, S2 support level (PP 0.618).
The middle bound; P value is equal to $62. Based on the current macroeconomic climate and the stock’s previous yearly performance, the overall trends presented are bareish in sentiment. Therefore, it is unlikely for the price to reach this level by the end of the week. It is highly unlikely to reach its resistance. I anticipate the selling candles to begin to resist the green buying candles however I anticipate the green candles to reach at least $47.8 before this resistance begins to occur.
Therefore, our target is bareish and we anticipate the price to strengthen towards a greater support level. The target is in line with this month’s Fibonacci S3 (PP1 Pivot level). We have set the purchase price as $47.8, this allows a reasonable P&L level and Risk/Reward level.
Zomato 🍅Zomato stock need some pull back, maybe it take support from Trend line ,and here also complete harmonic abcd pattern. So good for short term ( risky trade ##( falling knife)##
