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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 2024-08-08 View latest technical analysis

10 day averaged volume of Zomato is 107074565

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	265.59	265.00	267.50	260.00	0.541 times
07 Wed Aug 2024	265.67	261.53	267.60	251.81	1.19 times
06 Tue Aug 2024	249.08	265.90	275.00	247.20	1.34 times
05 Mon Aug 2024	256.29	254.00	265.55	249.00	1.458 times
02 Fri Aug 2024	262.34	244.50	278.70	243.00	3.634 times
01 Thu Aug 2024	234.09	231.00	238.00	228.00	0.821 times
31 Wed Jul 2024	229.45	227.61	230.14	226.05	0.234 times
30 Tue Jul 2024	227.13	226.95	231.20	225.11	0.368 times
29 Mon Jul 2024	226.89	226.62	229.46	224.10	0.38 times
26 Fri Jul 2024	224.62	219.00	226.62	216.85	0.333 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 269.1, for a target of 249.1 or 232.46

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	146.30
Downside Target	171.25
Downside Target	177.85
Downside Target	194.56
Downside Target	199.70
Downside Target	204.70
Downside Target	223.25
Downside Target	232.00
Downside Target	247.20
Upside Target	275.00
Upside Target	278.70

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	250.19
Downside Intraday Target	234.8
Upside Intraday Target	277.99
Upside Intraday Target	290.4
Downside Intraday Target	262.6

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	265.59	254.00	275.00	247.20	0.833 times
02 Fri Aug 2024	262.34	226.62	278.70	224.10	3.539 times
26 Fri Jul 2024	224.62	214.00	226.62	207.00	0.849 times
19 Fri Jul 2024	218.89	225.00	232.00	210.25	1.083 times
12 Fri Jul 2024	222.47	208.25	223.25	205.74	0.744 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
08 Thu Aug 2024	265.59	231.00	278.70	228.00	1.09 times
31 Wed Jul 2024	229.45	199.71	232.00	194.56	1.009 times
28 Fri Jun 2024	200.56	184.50	204.70	146.30	0.838 times
31 Fri May 2024	179.15	193.60	207.20	171.25	1.452 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 253.53 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.