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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 2024-10-21 View latest technical analysis

10 day averaged volume of Zomato is 46266209

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	265.70	258.00	267.00	254.50	1.909 times
18 Fri Oct 2024	257.45	256.90	270.30	255.25	2.335 times
17 Thu Oct 2024	270.55	275.00	275.15	268.60	0.545 times
16 Wed Oct 2024	274.25	279.00	279.40	273.00	0.451 times
15 Tue Oct 2024	279.55	283.00	283.00	276.10	0.518 times
14 Mon Oct 2024	280.05	280.90	285.25	278.00	0.977 times
11 Fri Oct 2024	277.55	276.40	279.00	275.50	0.37 times
10 Thu Oct 2024	275.35	280.50	282.45	274.10	0.841 times
09 Wed Oct 2024	279.95	279.00	290.00	275.35	1.361 times
08 Tue Oct 2024	278.70	266.00	280.90	262.60	1.49 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 267.9, but if it comes above 267.9, then a intra day buy could be more profitable.
If you take a sell trade below 267.9, then use 267.9 as stoploss and 257.4 as target. However if you take a buy trade in stock , then use 267.9 as stoploss and 276.66 as target.

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	254.50
Downside Target	261.60
Upside Target	273.50
Upside Target	280.90
Upside Target	285.25
Upside Target	290.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	257.8
Downside Intraday Target	249.9
Upside Intraday Target	270.3
Upside Intraday Target	274.9
Downside Intraday Target	262.4

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	265.70	258.00	267.00	254.50	0.395 times
18 Fri Oct 2024	257.45	280.90	285.25	255.25	0.933 times
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

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 Mon Oct 2024	265.70	272.55	290.00	254.50	0.515 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 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 neutral. A longer time frame might give a better analysis.

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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 271.23 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.