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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 2024-03-06 View latest technical analysis

10 day averaged volume of Zomato is 51652060

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	161.55	164.40	164.40	157.50	1.851 times
05 Tue Mar 2024	165.85	170.75	171.50	164.05	0.568 times
04 Mon Mar 2024	169.80	168.00	175.60	168.00	1.079 times
02 Sat Mar 2024	167.65	167.20	168.30	165.15	0.059 times
01 Fri Mar 2024	166.50	168.00	173.50	165.60	0.825 times
29 Thu Feb 2024	165.45	156.45	168.85	155.45	3.403 times
28 Wed Feb 2024	159.35	161.90	161.95	155.35	0.811 times
27 Tue Feb 2024	161.30	163.75	163.85	158.00	0.579 times
26 Mon Feb 2024	164.20	165.20	168.50	163.15	0.647 times
23 Fri Feb 2024	164.05	162.40	164.80	160.80	0.72 times

My analysis of stock is bullish for shortterm, and stock might move up till 165.7 or till 172.2. Use a stoploss of 160.34 and if this stock hits its stoploss, then it can fall down till 154.93

Share price targets for Zomato (ZOMATO)

Target Type	Value
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	149.00
Downside Target	155.35
Upside Target	167.80
Upside Target	168.85
Upside Target	173.50
Upside Target	175.60

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	154.17
Downside Intraday Target	146.78
Upside Intraday Target	172.27
Upside Intraday Target	182.98
Upside Intraday Target	164.88

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	161.55	168.00	175.60	157.50	0.553 times
02 Sat Mar 2024	167.65	165.20	173.50	155.35	0.956 times
23 Fri Feb 2024	164.05	157.45	167.80	155.60	0.828 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

Price has moved down 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
06 Wed Mar 2024	161.55	168.00	175.60	157.50	0.126 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
29 Fri Dec 2023	123.70	118.00	131.75	114.15	0.622 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Zomato ( (ZOMATO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is losing momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Zomato in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 164.46 and Zomato (ZOMATO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Zomato Stock has given negative 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.