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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 2024-05-06 View latest technical analysis

10 day averaged volume of Zomato is 34195743

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	195.70	199.00	202.00	194.50	0.772 times
03 Fri May 2024	197.25	196.80	200.35	193.10	1.108 times
02 Thu May 2024	195.45	193.60	195.95	192.75	0.801 times
30 Tue Apr 2024	193.15	195.00	196.95	192.20	1.152 times
29 Mon Apr 2024	193.60	189.40	194.30	186.45	0.977 times
26 Fri Apr 2024	188.10	189.00	190.45	186.35	0.988 times
25 Thu Apr 2024	184.70	184.00	188.90	182.50	1.136 times
24 Wed Apr 2024	184.40	189.00	189.10	183.15	0.954 times
23 Tue Apr 2024	187.45	194.40	194.50	186.60	1.045 times
22 Mon Apr 2024	193.35	193.00	197.70	190.80	0.842 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 194.8, but if it comes below 194.8, then a intra day sell could be more profitable.
If you take a sell trade below 194.8, then use 194.8 as stoploss and 190.72 as target. However if you take a buy trade in stock , then use 194.8 as stoploss and 199.6 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
Upside Target	197.70
Upside Target	199.70
Upside Target	200.35
Upside Target	202.00

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	192.8
Downside Intraday Target	189.9
Upside Intraday Target	200.3
Upside Intraday Target	204.9
Upside Intraday Target	197.4

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	195.70	199.00	202.00	194.50	0.191 times
03 Fri May 2024	197.25	189.40	200.35	186.45	0.813 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

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 Mon May 2024	195.70	193.60	202.00	192.75	0.128 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 to mid 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 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.

Zomato Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

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 191.11 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.