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ZOMATO LTD

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ZOMATO trade ideas

ZOMATO Hourly breakout looks solid for 280?Zomato Breakout Alert 🚀 Zomato has broken through a key resistance level at ₹245, signaling strong bullish momentum. 📈 Volume Spike: The breakout is accompanied by higher-than-average volume, indicating strong buyer interest. Next Resistance: The next major resistance to watch is around ₹261. Support Level: Immediate support lies near ₹252, which was the previous resistance. RSI: RSI is trending upwards but remains below overbought levels, suggesting further room for upside. This breakout could set the stage for a sustained upward move. Keep an eye on the volume and overall market sentiment for further confirmation. 🚨
NSE:ZOMATO
by TheSnop
1
Zomato-4- Chart AnalysisZomoto; CMP:185.50; Zomato chart structure seems is very strong, it’s a good buy at the current market price (range of 188-190) for a time frame of 3 months. The script will give clear breakout single once crossed and settled over Rs. 201.50 on closing basis. The various swing targets for the script are- Target- 1- 212-215; Target-2- 226 -230; While the final Target on charts is seen at Rs 285-290 level . Script will face major resistance at 246.5 level before marching towards the final target. ✅If you resonate with this Ideas, pls Share, Like & boost idea and follow to never miss a new idea!✅
NSE:ZOMATOLong
by DrPrashantVerma
6
ZOMATO LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:ZOMATO
by zenthosh
ZOMATO to be added to your Watchlist for a possible break out!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 Down-Side (based on Fixed Range Volume Profile). 7) Current Trading Price is definitely not at 1kg Tomato Price (As has been the case before).
NSE:ZOMATOLong
by urnaveen
Zomato: Your order is ready?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. It may take a while for such innovative companies to generate wealth with long-term holdings. What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:ZOMATO
by TheChartereds
5
Zomato - Logical Investment ThemesPeople 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 Hospitality companies especially those based in these Hyped Locations. 🎯 Financial Literacy is pushing for Medical and Term Insurance. A.k.a. Insurance Companies 🎯 The life expectancy is improving but old age needs care. Also, Given the sedentary lifestyle and Cheese grilled sandwich with extra cheese for lunch, youngsters are not that behind - Hospitals and Pharmaceutical companies 🎯 All the strategic ancillaries to the above-mentioned sectors. ✳Two Imp tasks: 1. Pick top companies in both, established and growth phases 2. Holding and averaging power for at least the next 7 - 10 years Is there any other logical investment sector on your mind? Feel free to comment. Until the next one, Adios!👋 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:ZOMATO
by TheChartereds
Zomato-3-Short term Sell-Mid term long 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 . Accumulate the script between 156 to 144 levels. for next round of upmove to a level of 188- 199-220. 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:ZOMATO
by DrPrashantVerma
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