Zomato- Chart Analysis - Update

7 sept

Zomato CMP:259.95; RSI:62.38;
Gap created on charts is re-claimed. Any intraday down-swing below the 245 should be brought till the level of 235. At this point the weak hands in the scripts are removed in last 2 -3 weeks of consolidation. This gives a good opportunity for re-entry into the stock.
Re-entry-level: between 234 – 245
Near Term Target: 285-290;
Target 1: 309 ( 2 months)- Strech target: 345 -370
Stop Loss-229 (on closing basis)

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24 sept

Nota

Near Term Target Achieved@ 23-09-2024. Further it can be accumulated at current level for a swing trade of 320 ++ level.
While those who hold at level below 280 can keep a strict stop loss of 275 and book profit at 25% of position at 330 and @ 340 levels for 50& of holding and another 25% can be hold with trailing stop-loss till 360 levels.

29 sept

Operación activa

Find the updated wave pattern. No change in the targets, while targets timelines will delay.

6 oct

Nota

Its a good price to accumulate or for fresh entry. last 2 days volatility in market is imported because of global turmoil, stay invested.

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22 oct

Nota

Tomorrow a big gap up opening might be possible in the script on backdrop of strong results

10 nov

Nota

Its a good price to accumulate or for fresh entry. Keep invested. Chart Structure is still intact.

hace 3 días

Nota

ZOMATO’S chart structure has shown signs of reversal and swing trade in near term is possible. A Targets of Rs 276.5-287.5 retest of recent 52W of 296 is visible in near term. Stay invested and time to add go long.