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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 2024-03-21 View latest technical analysis

10 day averaged volume of Zomato is 52175653

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	169.65	168.00	171.00	166.40	0.809 times
20 Wed Mar 2024	165.60	159.45	166.70	159.00	0.873 times
19 Tue Mar 2024	157.95	158.60	161.45	156.50	0.476 times
18 Mon Mar 2024	158.25	162.50	164.45	157.25	0.678 times
15 Fri Mar 2024	160.05	152.85	161.70	152.45	1.822 times
14 Thu Mar 2024	152.75	147.10	157.30	144.30	0.876 times
13 Wed Mar 2024	148.65	157.45	158.25	147.50	1.02 times
12 Tue Mar 2024	156.90	156.60	157.90	152.15	0.597 times
11 Mon Mar 2024	154.85	161.00	163.20	149.00	0.987 times
07 Thu Mar 2024	160.00	161.75	163.45	158.65	0.837 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 167, but if it comes below 167, then a intra day sell could be more profitable.
If you take a sell trade below 167, then use 167 as stoploss and 161.52 as target. However if you take a buy trade in stock , then use 167 as stoploss and 173.6 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	155.35
Downside Target	163.20
Downside Target	167.80
Downside Target	168.85
Upside Target	171.00
Upside Target	173.50
Upside Target	175.60

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	160.43
Downside Intraday Target	151.22
Upside Intraday Target	174.93
Upside Intraday Target	180.22
Downside Intraday Target	165.72

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	169.65	162.50	171.00	156.50	0.535 times
15 Fri Mar 2024	160.05	161.00	163.20	144.30	1.233 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

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
21 Thu Mar 2024	169.65	168.00	175.60	144.30	0.385 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 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 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 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 158.41 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.