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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 2024-10-11 View latest technical analysis

10 day averaged volume of Zomato is 49306530

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	277.55	276.40	279.00	275.50	0.347 times
10 Thu Oct 2024	275.35	280.50	282.45	274.10	0.789 times
09 Wed Oct 2024	279.95	279.00	290.00	275.35	1.277 times
08 Tue Oct 2024	278.70	266.00	280.90	262.60	1.399 times
07 Mon Oct 2024	266.10	278.55	279.00	261.60	1.042 times
04 Fri Oct 2024	275.30	267.00	277.85	264.10	1.199 times
03 Thu Oct 2024	269.00	269.70	272.45	268.00	0.827 times
01 Tue Oct 2024	274.15	272.55	276.45	271.30	0.651 times
30 Mon Sep 2024	273.30	277.90	277.90	272.45	0.831 times
27 Fri Sep 2024	278.15	275.40	286.90	273.50	1.193 times

My analysis of stock is bearish for shortterm, and stock might move down till 271 or till 261.9. Use a stoploss of 278.61 and if the stock hits stoploss, then it can shoot up till 286.19

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	146.30
Downside Target	194.56
Downside Target	204.70
Downside Target	228.00
Downside Target	240.40
Downside Target	256.30
Downside Target	261.60
Upside Target	286.45
Upside Target	290.00
Upside Target	293.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	262.77
Downside Intraday Target	247.98
Upside Intraday Target	291.17
Upside Intraday Target	304.78
Downside Intraday Target	276.38

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	277.55	278.55	290.00	261.60	1.384 times
04 Fri Oct 2024	275.30	277.90	277.90	264.10	0.736 times
27 Fri Sep 2024	278.15	292.00	298.25	273.50	0.963 times
20 Fri Sep 2024	290.50	274.50	293.00	269.20	0.564 times
13 Fri Sep 2024	272.90	260.00	286.45	256.30	1.162 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
11 Fri Oct 2024	277.55	272.55	290.00	261.60	0.28 times
30 Mon Sep 2024	273.30	252.00	298.25	240.40	0.749 times
30 Fri Aug 2024	250.53	231.00	280.90	228.00	2.007 times
31 Wed Jul 2024	229.45	199.71	232.00	194.56	1.009 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 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 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 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 stronger in this stock.

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 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 275.06 and Zomato (ZOMATO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.