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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 2024-08-16 View latest technical analysis

10 day averaged volume of Zomato is 111579054

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	264.43	260.70	266.20	257.01	0.385 times
14 Wed Aug 2024	260.14	260.30	264.50	255.50	0.374 times
13 Tue Aug 2024	257.08	265.00	265.40	256.00	0.234 times
12 Mon Aug 2024	263.43	263.50	266.49	261.35	0.3 times
09 Fri Aug 2024	267.09	267.73	272.90	265.55	0.471 times
08 Thu Aug 2024	265.59	265.00	267.50	260.00	0.519 times
07 Wed Aug 2024	265.67	261.53	267.60	251.81	1.142 times
06 Tue Aug 2024	249.08	265.90	275.00	247.20	1.286 times
05 Mon Aug 2024	256.29	254.00	265.55	249.00	1.399 times
02 Fri Aug 2024	262.34	244.50	278.70	243.00	3.487 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 261.8, but if it comes below 261.8, then a intra day sell could be more profitable.
If you take a sell trade below 261.8, then use 261.8 as stoploss and 242.73 as target. However if you take a buy trade in stock , then use 261.8 as stoploss and 284.7 as target.

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	224.10
Downside Target	247.20
Downside Target	255.50
Upside Target	266.49
Upside Target	275.00
Upside Target	278.70

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	257.79
Downside Intraday Target	251.15
Upside Intraday Target	268.78
Upside Intraday Target	273.13
Downside Intraday Target	262.14

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	264.43	263.50	266.49	255.50	0.269 times
09 Fri Aug 2024	267.09	254.00	275.00	247.20	0.924 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

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
16 Fri Aug 2024	264.43	231.00	278.70	228.00	1.313 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 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 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 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.

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 tired and bears 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 260.39 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.