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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)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Zomato is 103742484

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	161.05	159.70	163.80	158.70	0.823 times
19 Mon Feb 2024	157.50	157.45	160.45	155.60	0.58 times
16 Fri Feb 2024	156.70	156.90	160.00	155.35	0.59 times
15 Thu Feb 2024	154.85	157.00	159.20	154.00	0.746 times
14 Wed Feb 2024	152.25	152.95	153.75	150.10	0.368 times
13 Tue Feb 2024	154.75	154.35	157.90	149.00	0.771 times
12 Mon Feb 2024	153.80	151.00	158.80	149.50	1.502 times
09 Fri Feb 2024	149.45	146.90	151.40	142.25	2.486 times
08 Thu Feb 2024	144.10	142.50	147.50	139.00	1.782 times
07 Wed Feb 2024	140.40	141.00	142.90	139.65	0.724 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 164.5, for a target of 154 or 145.21

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	100.00
Downside Target	103.25
Downside Target	114.15
Downside Target	121.60
Downside Target	126.35
Downside Target	131.75
Downside Target	138.05
Downside Target	142.00
Downside Target	145.00
Downside Target	149.00
Downside Target	151.40
Downside Target	155.60
Downside Target	160.00
Upside Target	163.80

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	156.5
Downside Intraday Target	151.95
Upside Intraday Target	164.7
Upside Intraday Target	168.35
Downside Intraday Target	160.15

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	161.05	157.45	163.80	155.60	0.353 times
16 Fri Feb 2024	156.70	151.00	160.00	149.00	0.667 times
09 Fri Feb 2024	149.45	145.00	151.40	138.05	1.757 times
02 Fri Feb 2024	143.80	136.90	145.00	132.35	1.648 times
25 Thu Jan 2024	136.15	135.40	138.20	127.00	0.577 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
20 Tue Feb 2024	161.05	141.00	163.80	138.05	1.095 times
31 Wed Jan 2024	139.55	124.45	142.00	121.60	1.18 times
29 Fri Dec 2023	123.70	118.00	131.75	114.15	0.622 times
30 Thu Nov 2023	118.55	105.60	126.35	103.25	1.147 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 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 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 BUY signal for Zomato in short term and the buy signal is strong.

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

Zomato Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 151.19 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.