ZOMATO -- INTRADAY SETUP -- 18/07/2022
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ZOMATO -- HOURLY CHART -- INTRADAY SETUP -- 18/07/2022
1, Zomato seen pullback from 54 sub level to 61 level, now stock seen sharp correction from this level stock trading at same pullback level retest
2. HOURLY chart seen oversold level, RSI moving up now showing upward direction sign of trend reversal after correction
3. after heikin ashi consecutive red bearish candle trend reversal doji form at last hourly closing candle which is sign of trend reversal
4. Trend reversal confirm after next candle close above body of doji candle so BUY initiated above doji candle on intraday
5. BUY intraday above 54.25 ( 15 min / 1 hour candle should close above 54.25 ) For target 55-56-57 Stop loss bellow last hammer candle
6. for trade advise to use hekin ashi candle for following same chart pattern and trade setup
7. stock seen bullish above 54.25 and bearish formation candle close bellow 52.75
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .11
1, Zomato seen pullback from 54 sub level to 61 level, now stock seen sharp correction from this level stock trading at same pullback level retest
2. HOURLY chart seen oversold level, RSI moving up now showing upward direction sign of trend reversal after correction
3. after heikin ashi consecutive red bearish candle trend reversal doji form at last hourly closing candle which is sign of trend reversal
4. Trend reversal confirm after next candle close above body of doji candle so BUY initiated above doji candle on intraday
5. BUY intraday above 54.25 ( 15 min / 1 hour candle should close above 54.25 ) For target 55-56-57 Stop loss bellow last hammer candle
6. for trade advise to use hekin ashi candle for following same chart pattern and trade setup
7. stock seen bullish above 54.25 and bearish formation candle close bellow 52.75
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .11
Note
zoamto target 1 - 55 HIT at 9.20 AMNote
on hourly chart 1st candle is doji in formation lets see how next candle be, 10.15 amNote
15 min chart double bottom formation at 53 level seen -- 11.10 amNote
stock unable to up above after hit --1st target 55 .!
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