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(ZOMATO) Zomato complete technical analysis [charts+indicators] | Buy/Sell Zomato | (ZOMATO) share price targets

Complete technical analysis of Zomato (ZOMATO) by charts plus indicators, forecast predictions and share price targets for Zomato (ZOMATO)

10 day averaged volume of Zomato is 39479880

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	193.35	193.00	197.70	190.80	0.729 times
19 Fri Apr 2024	189.20	182.30	191.00	181.40	0.864 times
18 Thu Apr 2024	185.20	188.50	189.25	183.00	0.895 times
16 Tue Apr 2024	186.45	187.00	189.30	183.90	1.096 times
15 Mon Apr 2024	188.30	188.00	192.40	184.50	1.227 times
12 Fri Apr 2024	192.10	195.85	199.70	190.50	1.432 times
10 Wed Apr 2024	196.90	195.00	199.60	194.05	0.89 times
09 Tue Apr 2024	193.70	192.55	195.50	188.75	0.781 times
08 Mon Apr 2024	191.80	191.60	194.00	190.55	0.585 times
05 Fri Apr 2024	190.50	188.25	191.80	187.25	0.892 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 192.7, but if it comes below 192.7, then a intra day sell could be more profitable.
If you take a sell trade below 192.7, then use 192.7 as stoploss and 184.7 as target. However if you take a buy trade in stock , then use 192.7 as stoploss and 202.2 as target.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	114.15
Downside Target	121.60
Downside Target	131.75
Downside Target	138.05
Downside Target	142.00
Downside Target	168.85
Downside Target	177.85
Downside Target	181.40
Downside Target	188.75
Downside Target	191.80
Downside Target	192.40
Upside Target	197.70
Upside Target	199.70

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	190.2
Downside Intraday Target	187.05
Upside Intraday Target	197.1
Upside Intraday Target	200.85
Upside Intraday Target	193.95

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	193.35	193.00	197.70	190.80	0.179 times
19 Fri Apr 2024	189.20	188.00	192.40	181.40	1.107 times
12 Fri Apr 2024	192.10	191.60	199.70	188.75	0.859 times
05 Fri Apr 2024	190.50	183.90	191.80	177.85	1.074 times
28 Thu Mar 2024	182.10	173.40	189.00	172.20	0.831 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Zomato (ZOMATO)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	193.35	183.90	199.70	177.85	0.565 times
28 Thu Mar 2024	182.10	168.00	189.00	144.30	0.496 times
29 Thu Feb 2024	165.45	141.00	168.85	138.05	1.489 times
31 Wed Jan 2024	139.55	124.45	142.00	121.60	1.18 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Zomato (ZOMATO)

Price action analysis of Zomato ( (ZOMATO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Zomato ( (ZOMATO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zomato ( (ZOMATO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Zomato ( (ZOMATO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Zomato stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Zomato in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zomato Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Zomato in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Zomato is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 190.53 and Zomato (ZOMATO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Zomato (ZOMATO) stock. Volume based technical analysis of Zomato (ZOMATO) stock is negative.

Zomato Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.