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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 2024-03-19 View latest technical analysis

10 day averaged volume of Zomato is 53643008

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	157.95	158.60	161.45	156.50	0.463 times
18 Mon Mar 2024	158.25	162.50	164.45	157.25	0.66 times
15 Fri Mar 2024	160.05	152.85	161.70	152.45	1.773 times
14 Thu Mar 2024	152.75	147.10	157.30	144.30	0.852 times
13 Wed Mar 2024	148.65	157.45	158.25	147.50	0.992 times
12 Tue Mar 2024	156.90	156.60	157.90	152.15	0.581 times
11 Mon Mar 2024	154.85	161.00	163.20	149.00	0.96 times
07 Thu Mar 2024	160.00	161.75	163.45	158.65	0.814 times
06 Wed Mar 2024	161.55	164.40	164.40	157.50	1.783 times
05 Tue Mar 2024	165.85	170.75	171.50	164.05	0.546 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 155.7 as stoploss in an intra day buy trade for a target of 160.79. However, stock will show a bearish move below 155.7.

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	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	154.82
Downside Intraday Target	151.68
Upside Intraday Target	162.77
Upside Intraday Target	167.58
Upside Intraday Target	159.63

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	157.95	162.50	164.45	156.50	0.218 times
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

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
19 Tue Mar 2024	157.95	168.00	175.60	144.30	0.337 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 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 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining momentum.

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

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. 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 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 and the buying is gaining 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 157.85 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.