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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 2024-12-10 View latest technical analysis

10 day averaged volume of Zomato is 55138600

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	295.85	296.75	299.45	295.00	0.568 times
09 Mon Dec 2024	295.30	304.70	304.70	291.80	0.927 times
06 Fri Dec 2024	302.95	300.00	303.90	296.25	0.894 times
05 Thu Dec 2024	299.35	288.25	304.65	286.85	1.853 times
04 Wed Dec 2024	286.25	283.00	288.00	283.00	0.826 times
03 Tue Dec 2024	279.85	279.70	282.35	279.00	0.546 times
02 Mon Dec 2024	282.50	281.90	285.70	280.45	0.638 times
29 Fri Nov 2024	279.76	285.00	287.49	273.62	1.332 times
28 Thu Nov 2024	286.13	285.60	288.25	281.43	0.899 times
27 Wed Nov 2024	284.72	281.00	289.70	278.76	1.209 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 291.5, but if it comes below 291.5, then a intra day sell could be more profitable.
If you take a sell trade below 291.5, then use 291.5 as stoploss and 278.35 as target. However if you take a buy trade in stock , then use 291.5 as stoploss and 307.3 as target.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	228.00
Downside Target	239.45
Downside Target	262.11
Downside Target	271.00
Downside Target	289.70
Downside Target	290.00
Downside Target	291.80
Upside Target	298.25
Upside Target	304.65
Upside Target	304.70

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	290.2
Downside Intraday Target	284.55
Upside Intraday Target	303.1
Upside Intraday Target	310.35
Upside Intraday Target	297.45

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	295.85	304.70	304.70	291.80	0.314 times
06 Fri Dec 2024	302.95	281.90	304.65	279.00	0.733 times
29 Fri Nov 2024	279.76	273.25	289.70	271.17	1.91 times
22 Fri Nov 2024	264.20	274.30	275.49	262.11	0.775 times
14 Thu Nov 2024	269.66	244.75	271.00	244.00	0.933 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
10 Tue Dec 2024	295.85	281.90	304.70	279.00	0.326 times
29 Fri Nov 2024	279.76	244.40	289.70	239.45	0.883 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

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 Strong and stock is gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 290.02 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.