Zomato: A good Bounce to Short?See my previous Ideas, based on that my opinion is Zomato is still a short!!!!!!!!!!
FOLLOW STOP LOSS STRICTLY
ZOMATO trade ideas
ZOMATO WILL BLEED?ZOMATO CORRECTION ALERT! 🚨
Hey Traders! 👋 Big moves are happening with ZOMATO, and the charts are speaking volumes! 📉 After a massive diagonal trendline break, the uptrend has snapped into a correction phase. Could this be the BEST buying opportunity of the decade? 🤔
📌 Key Levels to Watch:
Potential Downside: 200 - 170 - 145
Highs: 320.00, 400.00, 322.20, 304.70, 265.00, 222.50
Lows: 135.00, 105.00, 85.00, 69.00, 57.00, 47.00, 40.60, 40.80, 30.00
Will ZOMATO retest 242 and face rejection? Or are we looking at a deeper correction before the next big move? 🧐
This is the time to stay sharp, keep your charts close, and be ready to act! Whether you're looking to buy the dip or wait for confirmation, the next few weeks could be crucial. 📊
Remember, trading is all about strategy and patience. Don’t let emotions drive your decisions! 💡
Zomato longZomato
MTF Analysis Price
ZomatoYearly Demand 169
Zomato 6 Month Demand 207
ZomatoQtrly Demand BUFL 207
ZomatoMonthly Demand 207
ZomatoWeekly Demand 214
ZomatoDaily Demand DMIP 212
ENTRY -1 Long 212
SL 167
RISK 45
REWARD 238
Target as per Entry-1 450
RR 5
Last High 305
Last Low 146
ENTRY -2 Long 177
SL 167
RISK 10
REWARD 273
Target as per Entry-2 450
RR 27
Last High 305
Last Low 146
Trade Set Up
Buy Volume -1 As per Entry-1 7,000
Buy Volume -2 As per Entry-2 3,000
Average Buy Price 195
Trade Value 1,945,000
SL Point 167
RISK 28
Exit Target 450
Target Value 4,500,000
Profit Target 2,555,000
RISK Value 275,000
Risk to Reward 9
Final Target done ????? or still deliveries are on!!!!!!!!!!!!!!Earlier View:
CMP: ₹234
Target: ₹206 (Achieved)
Stop Loss: ₹240
Risk to Reward Ratio: 1:4
Setup: Fake Breakout observed on the daily time frame.
Current Scenario:
The target of ₹206 has been achieved.
Monitoring the hourly time frame for the development of a bullish pattern.
Technical Observation:
If Stop Loss (₹220 daily closing basis) is triggered and a bullish pattern develops on the hourly time frame, it may indicate that the correction is complete in the form of an Expanded Flat (ABC) pattern.
Proposed Strategy:
Wait for Confirmation: A breakout above ₹220 on the hourly chart would confirm the bullish pattern.
Conclusion: The correction may be nearing completion. However, confirmation of a bullish structure on the hourly time frame is crucial before entering a long position.
Disclaimer: This is only a technical study and should not be taken as financial advice. Ensure to conduct thorough due diligence.
Zomato Share AnalysisZomato Share Analysis (January 2025)
1. Short-Term Analysis (1-3 months):
Current Trend: Zomato ka share recent mein gir gaya hai. Iska reason market conditions ya company-specific news ho sakta hai.
Entry Point (Short Term - Day Trade): Agar aap short-term mein trade kar rahe hain, toh aap, kal ke green candle par (5 min timeframe) 4 candles ke range mein entry le sakte hain, agar stock thoda aur neeche jata hai.
Exit Point (Short Term - Day Stop Loss):
Profit Target - 2%
Small SL - .5% - Price 226
Medium-Term Analysis (1-3 months):
Current Sentiment: Zomato ki growth potential abhi bhi strong hai, lekin competition aur profitability concerns hai.
Long-Term Analysis (6 months - 1 year):
Growth Potential: Zomato ka long-term growth potential abhi bhi strong hai, especially food delivery aur subscription services mein. Agar company apni profitability improve karti hai, toh stock ka value badh sakta hai.
Long Term Target - 400
Zomato Positional Trade IdeaZomato has bounced off a strong demand zone around ₹210, confirming support from previous breakout levels. The bullish reversal setup signals potential upside.
Key Technical Levels:
Entry: ₹238 (Sustained breakout)
Target: ₹270+ (Next resistance zone)
Stop Loss: ₹215 (Below demand zone)
Technical Indicators:
RSI recovery from oversold levels, indicating momentum shift.
Price holding above TEMA (5,9,20) supports trend continuation.
Volume surge confirms strong buying interest.
#Zomato #TechnicalAnalysis #SwingTrade #StockMarket
Zomato Set to Fall After Disappointing QuarterZomato's share price has already fallen around 12% from its day high, following the release of disappointing quarterly results. In Q3, Zomato's net profit declined by 57% year-over-year, totaling 59 crore rupees. Due to this poor performance, selling pressure is likely to continue. The stock is currently near its intraday support level of 230 rupees, which is likely to break.
We should wait until the share price breaks below this level and sustains there for a while before considering a short trade. However, if the share price opens with a gap down, we should wait for a retest of the 230 rupee price level before entering the trade. Our first target for this trade would be the 200 rupee price level, which represents a potential decrease of approximately 13% from the current point.
ZOMATO- KEY PRICE LEVELSThe entire move from the Flash crash level of JUNE 4 on ZOMATO
Targets at lower levels marked, should hit the 0.618 FIB level if we see move below 226 where it stopped yesterday.
May not break 200-207, wick down to 200 possible but likely to hold barring a major sell off
Stops below 200 for short term trades when it does come down to 210 odd
ZOMATO -Deliveries are happening ZOMATO (Stock Analysis)
Current Market Price (CMP): ₹234
Target: ₹206
Stop Loss: ₹240
Risk-to-Reward Ratio: 1:4
Setup (Daily Time Frame): Fake breakout
Disclaimer: This is purely a study and should not be considered financial advice.
ZOMATODisclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Zomato - Profit Booking Taking PlaceZomato has given a Fake breakout Setup in its Weekly Time Frame, In Daily Setup it came at support - from this support it can bounce back at levels of 259-260(GAP) This Gap can work as resistance for this----I am planning to Short at these levels Which is Eventually Stop loss also
#bullish zone ''zomato signaling uptrend...( near support zone)investing idea Observations and Analysis for NSE:ZOMATO
1.Price Correction:
Zomato has seen a 26% correction, primarily due to market volatility. The price is approaching a strong support zone between ₹240-₹244, which presents a potential buying opportunity for long-term investing.
2.Entry Strategy:
Entry Zone: Wait for confirmation of price stability within ₹240-₹244 before entering a position.
🔴Stop-Loss: Set a strict stop-loss at ₹233.74 to minimize potential losses.
3.Target Levels:
🟢TP1: ₹255.55
🟢TP2: ₹262.90
🟢TP3: ₹279.10
🟢TP4: ₹286.45
4.Risk Management:
Use proper position sizing and risk management as the market remains volatile. Ensure you do not risk more than you can afford to lose.
🟠Disclaimer:-
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only. Please consult a professional financial advisor for personalized investment advice. Trade responsibly and at your own risk.
If you find this analysis helpful, please like and share!
Short ZomatoLower High formation
Resistance of last high at previous swing low
Bearish Engulfing at Previous Support indicating it has turned into Resistance
Entry and SL drawn in Chart
Zomato short @ 276.00 RS current price level HEllo Frds,
Zomato looks good for short from current price level 276.00
Striclty stoploss 305.00 Rs
Bottom target 174-124 zone
its purely positional trade.
Zomato can fall till 267 Zomato can fall till 267 or 244 because it has broken trendline from Jun24 now yesterday retested it by making life time high and again it had broken it's channel pattern formed for retest.its just my view, I'm not recommending for sell
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Zomato looking good for upsideThere is a trendline breakout in zomato on daily frame. From here, we can expect targets of 264, 268, 281, 286 & 291.
Stoploss for this investment would be around 240.
Review and plan for 6th December 2024Nifty future and banknifty future analysis and intraday plan.
Stock analysis included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
#ZOMATO to 330 next?The technical chart for Zomato Limited, shown on a 1-day timeframe, highlights a bullish trend as the stock attempts a breakout above the key resistance level of ₹306. This breakout could potentially lead to further upside, targeting the price zones between ₹312, ₹321, and ₹328, as indicated on the Fibonacci retracement. The stock currently trades at ₹299.35, up 4.58%, supported by strong trading volume of over 102.15 million shares.
Key support levels are identified around ₹284, where a breakdown on a closing basis would invalidate the bullish outlook. The wider support range extends to ₹271 and ₹247, making these levels critical for risk management.
Accompanying news suggests that the food delivery industry in India, including players like Zomato and Swiggy, is experiencing positive market sentiment. Analysts project steady growth, with Swiggy expecting to achieve positive core earnings by December 2025, driven by the booming quick commerce sector.
These technical and fundamental factors indicate a favorable outlook for Zomato, provided the stock sustains above the breakout levels. Market participants should monitor price action closely around the ₹306 mark for confirmation of the breakout.
ZOMATO CMP 287.Super Largecap and fast growing company with th high FII Holdings.Currently trading near 52 Week High zone and All time high zone.Above breakout 290 Levels We can see a sharp upmove and new all time high.Add to your wachlist an see how it perform in coming days.
Zomato Ltd view for Intraday 5th Dec #ZOMATO Zomato Ltd view for Intraday 5th Dec #ZOMATO
Resistance 290. Watching above 291 for upside movement...
Support area 280 Below 285 ignoring upside momentum for intraday
Support 280 Watching below 279 for downside movement...
Resistance area 290
Above 285 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Zomato break out possible As the Lines suggest breakout is easily possible if it gave a trend reversal. And I assume it must be a good breakout because the stock tried to break the resistance 3-4 times. And a good Support as well.
