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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 2024-10-23 View latest technical analysis

10 day averaged volume of Zomato is 50060122

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	264.05	256.35	268.00	242.10	3.228 times
22 Tue Oct 2024	256.35	267.00	270.90	252.75	1.398 times
21 Mon Oct 2024	265.70	258.00	267.00	254.50	1.764 times
18 Fri Oct 2024	257.45	256.90	270.30	255.25	2.158 times
17 Thu Oct 2024	270.55	275.00	275.15	268.60	0.504 times
16 Wed Oct 2024	274.25	279.00	279.40	273.00	0.417 times
15 Tue Oct 2024	279.55	283.00	283.00	276.10	0.479 times
14 Mon Oct 2024	280.05	280.90	285.25	278.00	0.903 times
11 Fri Oct 2024	277.55	276.40	279.00	275.50	0.342 times
10 Thu Oct 2024	275.35	280.50	282.45	274.10	0.777 times

Stock of Zomato (ZOMATO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 265.4, but if it comes above 265.4, then a intra day buy could be more profitable.
If you take a sell trade below 265.4, then use 265.4 as stoploss and 256 as target. However if you take a buy trade in stock , then use 265.4 as stoploss and 273.24 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	255.25
Downside Target	261.60
Upside Target	270.90
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	247.13
Downside Intraday Target	230.22
Upside Intraday Target	275.93
Upside Intraday Target	287.82
Downside Intraday Target	259.02

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	264.05	258.00	270.90	242.10	1.432 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
23 Wed Oct 2024	264.05	272.55	290.00	242.10	0.69 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Zomato in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 265.78 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.