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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 2024-11-01 View latest technical analysis

10 day averaged volume of Zomato is 71148410

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	248.99	244.40	250.00	244.15	0.183 times
31 Thu Oct 2024	241.75	248.00	248.80	240.40	0.516 times
30 Wed Oct 2024	246.85	249.15	250.50	245.05	0.68 times
29 Tue Oct 2024	252.25	254.95	255.90	248.45	0.425 times
28 Mon Oct 2024	253.95	252.00	259.25	247.10	0.577 times
25 Fri Oct 2024	253.80	256.00	257.95	246.50	0.939 times
24 Thu Oct 2024	254.30	267.20	268.40	252.55	0.848 times
23 Wed Oct 2024	264.05	256.35	268.00	242.10	2.271 times
22 Tue Oct 2024	256.35	267.00	270.90	252.75	0.983 times
21 Mon Oct 2024	265.70	258.00	267.00	254.50	1.241 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 251.6, but if it comes above 251.6, then a intra day buy could be more profitable.
If you take a sell trade below 251.6, then use 251.6 as stoploss and 237 as target. However if you take a buy trade in stock , then use 251.6 as stoploss and 263.87 as target.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	194.56
Downside Target	228.00
Downside Target	240.40
Upside Target	250.00
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	239.84
Downside Intraday Target	230.7
Upside Intraday Target	258.69
Upside Intraday Target	268.4
Upside Intraday Target	249.55

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	248.99	252.00	259.25	240.40	0.379 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 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
01 Fri Nov 2024	248.99	244.40	250.00	244.15	0.011 times
31 Thu Oct 2024	241.75	272.55	290.00	240.40	0.904 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

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 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 weakening, and bulls are picking up momentum!

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 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 257.1 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.