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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 2024-11-19 View latest technical analysis

10 day averaged volume of Zomato is 55983248

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	271.36	271.94	272.70	267.66	0.768 times
18 Mon Nov 2024	270.79	274.30	274.40	269.36	1.068 times
14 Thu Nov 2024	269.66	261.50	271.00	260.70	1.518 times
13 Wed Nov 2024	258.40	258.08	263.43	254.53	1.098 times
12 Tue Nov 2024	260.99	259.95	264.90	255.30	0.911 times
11 Mon Nov 2024	258.62	244.75	259.50	244.00	0.785 times
08 Fri Nov 2024	248.73	256.20	258.12	245.90	0.869 times
07 Thu Nov 2024	255.22	257.00	262.45	254.00	1.018 times
06 Wed Nov 2024	254.94	243.30	256.14	243.30	1.103 times
05 Tue Nov 2024	241.87	244.00	246.35	239.45	0.752 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 274.3, for a target of 264 or 255.4

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	194.56
Downside Target	228.00
Downside Target	239.45
Downside Target	259.25
Downside Target	267.66
Downside Target	270.90
Downside Target	271.00
Upside Target	274.40
Upside Target	280.90
Upside Target	290.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	267.88
Downside Intraday Target	264.4
Upside Intraday Target	274.62
Upside Intraday Target	277.88
Downside Intraday Target	271.14

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	271.36	274.30	274.40	267.66	0.426 times
14 Thu Nov 2024	269.66	244.75	271.00	244.00	0.933 times
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

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
19 Tue Nov 2024	271.36	244.40	274.40	239.45	0.514 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 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 mid to longer 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.

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

MACD generated a BUY signal for Zomato in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zomato Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 259.91 and Zomato (ZOMATO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Zomato (ZOMATO) stock. Volume based technical analysis of Zomato (ZOMATO) stock is negative.

Zomato Stock is giving positive 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.