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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)

10 day averaged volume of Zomato is 309795543

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 61.75 58.10 63.10 57.90 1.134 times
11 Thu Aug 2022 57.90 56.90 58.15 56.35 0.423 times
10 Wed Aug 2022 55.95 56.20 56.55 54.50 0.648 times
08 Mon Aug 2022 55.45 54.70 56.20 54.20 0.575 times
05 Fri Aug 2022 54.60 57.90 59.15 53.25 1.017 times
04 Thu Aug 2022 57.85 55.75 58.65 54.50 1.356 times
03 Wed Aug 2022 55.45 52.50 56.90 51.75 1.936 times
02 Tue Aug 2022 55.55 50.00 55.55 48.40 1.707 times
01 Mon Aug 2022 46.30 46.80 47.25 45.05 0.439 times
30 Sat Jul 2022 46.80 45.60 47.20 44.55 0.572 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 63.9, for a target of 57.6 or 52.34

Share price targets for Zomato (ZOMATO)

Target Type Value
Downside Target 40.60
Downside Target 45.05
Downside Target 50.05
Downside Target 52.50
Downside Target 59.15
Downside Target 61.50
Upside Target 63.10
Upside Target 71.10
Upside Target 77.70
Upside Target 79.80
Upside Target 88.30

Intraday share price targets for Zomato (ZOMATO)

Target Type Value
Downside Intraday Target 56.27
Downside Intraday Target 50.78
Upside Intraday Target 65.17
Upside Intraday Target 68.58
Downside Intraday Target 59.68

Weekly technical analysis of Zomato (ZOMATO)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 61.75 54.70 63.10 54.20 0.431 times
05 Fri Aug 2022 54.60 46.80 59.15 45.05 1.216 times
30 Sat Jul 2022 46.80 52.50 52.50 40.60 9.266 times
22 Fri Jul 2022 53.65 54.70 55.10 52.70 0.727 times
15 Fri Jul 2022 53.90 54.70 61.50 53.35 1.234 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
12 Fri Aug 2022 61.75 46.80 63.10 45.05 1.204 times
30 Sat Jul 2022 46.80 54.15 61.50 40.60 1.966 times
30 Thu Jun 2022 53.85 75.40 79.80 53.35 0.894 times
31 Tue May 2022 74.65 71.75 77.70 50.05 4.078 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)

Indicator Name Indicator Value Indicator Signal
ADX 38, 15, 43 Buy
MACD -1, -3Buy
Stochastics 90Buy
CCI 130Buy
RSI 48Sell
OBV 618455623Sell
VWAP 56Buy
ADL 0Sell
ROC 41Buy
Force Index 0Sell

Price action analysis of Zomato ( (ZOMATO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Zomato in short term but the buy signal is initial and weak.

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 buy signal for Zomato in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 55.66 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.

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Daily charts

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Daily chart

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