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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 2024-10-28 View latest technical analysis

10 day averaged volume of Zomato is 67038660

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	253.95	252.00	259.25	247.10	0.612 times
25 Fri Oct 2024	253.80	256.00	257.95	246.50	0.997 times
24 Thu Oct 2024	254.30	267.20	268.40	252.55	0.9 times
23 Wed Oct 2024	264.05	256.35	268.00	242.10	2.411 times
22 Tue Oct 2024	256.35	267.00	270.90	252.75	1.044 times
21 Mon Oct 2024	265.70	258.00	267.00	254.50	1.317 times
18 Fri Oct 2024	257.45	256.90	270.30	255.25	1.611 times
17 Thu Oct 2024	270.55	275.00	275.15	268.60	0.376 times
16 Wed Oct 2024	274.25	279.00	279.40	273.00	0.311 times
15 Tue Oct 2024	279.55	283.00	283.00	276.10	0.358 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 259.8, but if it comes above 259.8, then a intra day buy could be more profitable.
If you take a sell trade below 259.8, then use 259.8 as stoploss and 248.8 as target. However if you take a buy trade in stock , then use 259.8 as stoploss and 268.97 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	247.10
Upside Target	255.25
Upside Target	270.90
Upside Target	277.90
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	247.62
Downside Intraday Target	241.28
Upside Intraday Target	259.77
Upside Intraday Target	265.58
Downside Intraday Target	253.43

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	253.95	252.00	259.25	247.10	0.092 times
25 Fri Oct 2024	253.80	258.00	270.90	242.10	2.002 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

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
28 Mon Oct 2024	253.95	272.55	290.00	242.10	0.817 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Zomato stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Zomato in short term and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 260.98 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.