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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 2024-03-20 View latest technical analysis

10 day averaged volume of Zomato is 50552634

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	165.60	159.45	166.70	159.00	0.901 times
19 Tue Mar 2024	157.95	158.60	161.45	156.50	0.492 times
18 Mon Mar 2024	158.25	162.50	164.45	157.25	0.7 times
15 Fri Mar 2024	160.05	152.85	161.70	152.45	1.881 times
14 Thu Mar 2024	152.75	147.10	157.30	144.30	0.904 times
13 Wed Mar 2024	148.65	157.45	158.25	147.50	1.052 times
12 Tue Mar 2024	156.90	156.60	157.90	152.15	0.616 times
11 Mon Mar 2024	154.85	161.00	163.20	149.00	1.019 times
07 Thu Mar 2024	160.00	161.75	163.45	158.65	0.864 times
06 Wed Mar 2024	161.55	164.40	164.40	157.50	1.892 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 166.3 as stoploss in an intra day sell trade for a target of 161.14. However, stock will show a bullish move above 166.3.

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
Downside Target	163.20
Upside Target	166.70
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	159.17
Downside Intraday Target	152.73
Upside Intraday Target	169.37
Upside Intraday Target	173.13
Downside Intraday Target	162.93

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	165.60	162.50	166.70	156.50	0.382 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 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
20 Wed Mar 2024	165.60	168.00	175.60	144.30	0.362 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

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

Stock of Zomato is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 158.08 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 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.