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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 2024-03-15 View latest technical analysis

10 day averaged volume of Zomato is 45157804

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	160.05	152.85	161.70	152.45	2.106 times
14 Thu Mar 2024	152.75	147.10	157.30	144.30	1.012 times
13 Wed Mar 2024	148.65	157.45	158.25	147.50	1.178 times
12 Tue Mar 2024	156.90	156.60	157.90	152.15	0.69 times
11 Mon Mar 2024	154.85	161.00	163.20	149.00	1.141 times
07 Thu Mar 2024	160.00	161.75	163.45	158.65	0.967 times
06 Wed Mar 2024	161.55	164.40	164.40	157.50	2.117 times
05 Tue Mar 2024	165.85	170.75	171.50	164.05	0.649 times
04 Mon Mar 2024	169.80	168.00	175.60	168.00	1.235 times
02 Sat Mar 2024	167.65	167.20	168.30	165.15	0.067 times

Stock of Zomato (ZOMATO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 155.8 or till 149.8. Use a stoploss of 160.91 and if the stock hits stoploss, then it can shoot up till 165.98

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	103.25
Downside Target	114.15
Downside Target	121.60
Downside Target	126.35
Downside Target	131.75
Downside Target	138.05
Downside Target	142.00
Downside Target	149.00
Downside Target	155.35
Upside Target	163.20
Upside Target	167.80
Upside Target	168.85
Upside Target	173.50
Upside Target	175.60

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	148.5
Downside Intraday Target	136.95
Upside Intraday Target	167.4
Upside Intraday Target	174.75
Downside Intraday Target	155.85

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	160.05	161.00	163.20	144.30	1.233 times
07 Thu Mar 2024	160.00	168.00	175.60	157.50	0.687 times
02 Sat Mar 2024	167.65	165.20	173.50	155.35	0.956 times
23 Fri Feb 2024	164.05	157.45	167.80	155.60	0.828 times
16 Fri Feb 2024	156.70	151.00	160.00	149.00	0.667 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
15 Fri Mar 2024	160.05	168.00	175.60	144.30	0.303 times
29 Thu Feb 2024	165.45	141.00	168.85	138.05	1.489 times
31 Wed Jan 2024	139.55	124.45	142.00	121.60	1.18 times
29 Fri Dec 2023	123.70	118.00	131.75	114.15	0.622 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Zomato in short term but the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Zomato in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 159.2 and Zomato (ZOMATO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.