Inverted Head & Shoulder Break Out
Trend Line Break Out
MACD Cross over Positive Above Zero Line in Weekly/Daily/Hourly
RSI above > 60
Positive Cross over of 5 EMA, 13EMA, 26EMA
ADX above 15
I am not a SEBI Registered Broker
This is my study and only for the Education Purpose.
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...
Zomato 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
This 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: ...
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
Having 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...
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)##
