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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 2024-05-02 View latest technical analysis

10 day averaged volume of Zomato is 35530354

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	195.45	193.60	195.95	192.75	0.771 times
30 Tue Apr 2024	193.15	195.00	196.95	192.20	1.108 times
29 Mon Apr 2024	193.60	189.40	194.30	186.45	0.94 times
26 Fri Apr 2024	188.10	189.00	190.45	186.35	0.951 times
25 Thu Apr 2024	184.70	184.00	188.90	182.50	1.093 times
24 Wed Apr 2024	184.40	189.00	189.10	183.15	0.918 times
23 Tue Apr 2024	187.45	194.40	194.50	186.60	1.006 times
22 Mon Apr 2024	193.35	193.00	197.70	190.80	0.81 times
19 Fri Apr 2024	189.20	182.30	191.00	181.40	0.96 times
18 Thu Apr 2024	185.20	188.50	189.25	183.00	0.995 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 193.7, but if it comes below 193.7, then a intra day sell could be more profitable.
If you take a sell trade below 193.7, then use 193.7 as stoploss and 189.14 as target. However if you take a buy trade in stock , then use 193.7 as stoploss and 199.2 as target.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	121.60
Downside Target	138.05
Downside Target	142.00
Downside Target	168.85
Downside Target	177.85
Downside Target	181.40
Downside Target	186.45
Downside Target	192.75
Upside Target	195.95
Upside Target	196.95
Upside Target	197.70
Upside Target	199.70

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	188.95
Downside Intraday Target	182.45
Upside Intraday Target	199.45
Upside Intraday Target	203.45
Downside Intraday Target	192.95

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	195.45	189.40	196.95	186.45	0.59 times
26 Fri Apr 2024	188.10	193.00	197.70	182.50	1.053 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

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
02 Thu May 2024	195.45	193.60	195.95	192.75	0.038 times
30 Tue Apr 2024	193.15	183.90	199.70	177.85	0.804 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

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Zomato ( (ZOMATO) ) based on a short to mid 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 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 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 but buying 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 189.26 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.