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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 2024-03-14 View latest technical analysis

10 day averaged volume of Zomato is 58165511

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	152.75	147.10	157.30	144.30	0.786 times
13 Wed Mar 2024	148.65	157.45	158.25	147.50	0.915 times
12 Tue Mar 2024	156.90	156.60	157.90	152.15	0.536 times
11 Mon Mar 2024	154.85	161.00	163.20	149.00	0.886 times
07 Thu Mar 2024	160.00	161.75	163.45	158.65	0.751 times
06 Wed Mar 2024	161.55	164.40	164.40	157.50	1.644 times
05 Tue Mar 2024	165.85	170.75	171.50	164.05	0.504 times
04 Mon Mar 2024	169.80	168.00	175.60	168.00	0.958 times
02 Sat Mar 2024	167.65	167.20	168.30	165.15	0.052 times
01 Fri Mar 2024	166.50	168.00	173.50	165.60	0.732 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 155.6, but if it comes above 155.6, then a intra day buy could be more profitable.
If you take a sell trade below 155.6, then use 155.6 as stoploss and 149.4 as target. However if you take a buy trade in stock , then use 155.6 as stoploss and 160.74 as target.

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
Upside Target	155.35
Upside Target	163.20
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	143.63
Downside Intraday Target	134.52
Upside Intraday Target	162.53
Upside Intraday Target	172.32
Upside Intraday Target	153.42

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	152.75	161.00	163.20	144.30	0.809 times
07 Thu Mar 2024	160.00	168.00	175.60	157.50	0.687 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

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
14 Thu Mar 2024	152.75	168.00	175.60	144.30	0.25 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 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 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 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 SELL. 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.

Zomato Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 but selling is losing 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 159.71 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.