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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 2024-11-08 View latest technical analysis

10 day averaged volume of Zomato is 44620639

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	248.73	256.20	258.12	245.90	1.091 times
07 Thu Nov 2024	255.22	257.00	262.45	254.00	1.277 times
06 Wed Nov 2024	254.94	243.30	256.14	243.30	1.383 times
05 Tue Nov 2024	241.87	244.00	246.35	239.45	0.943 times
04 Mon Nov 2024	245.08	242.93	246.99	240.00	1.102 times
01 Fri Nov 2024	248.99	244.40	250.00	244.15	0.292 times
31 Thu Oct 2024	241.75	248.00	248.80	240.40	0.823 times
30 Wed Oct 2024	246.85	249.15	250.50	245.05	1.085 times
29 Tue Oct 2024	252.25	254.95	255.90	248.45	0.678 times
28 Mon Oct 2024	253.95	252.00	259.25	247.10	0.919 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 246 as stoploss in an intra day buy trade for a target of 257.28. However, stock will show a bearish move below 246.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	194.56
Downside Target	228.00
Downside Target	239.45
Upside Target	255.25
Upside Target	262.45
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	237.97
Downside Intraday Target	227.21
Upside Intraday Target	260.97
Upside Intraday Target	273.21
Upside Intraday Target	250.21

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	248.73	242.93	262.45	239.45	1.527 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Zomato (ZOMATO)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	248.73	244.40	262.45	239.45	0.227 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 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 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 Weak and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Zomato in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Zomato is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 249.34 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.