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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 2024-09-23 View latest technical analysis

10 day averaged volume of Zomato is 67709487

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	297.00	292.00	298.25	290.55	0.72 times
20 Fri Sep 2024	290.50	279.00	293.00	278.95	1.247 times
19 Thu Sep 2024	278.85	276.50	280.95	272.25	0.712 times
18 Wed Sep 2024	275.85	270.65	277.85	269.90	0.446 times
17 Tue Sep 2024	270.75	277.65	278.00	270.00	0.495 times
16 Mon Sep 2024	277.70	274.50	282.00	269.20	0.706 times
13 Fri Sep 2024	272.90	285.40	286.45	271.10	1.213 times
12 Thu Sep 2024	283.90	276.30	286.00	274.30	1.502 times
11 Wed Sep 2024	271.75	268.25	281.50	268.10	1.8 times
10 Tue Sep 2024	267.70	265.85	270.30	259.55	1.014 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 298.9, for a target of 280.7 or 265.59

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	146.30
Downside Target	171.25
Downside Target	194.56
Downside Target	204.70
Downside Target	228.00
Downside Target	240.40
Downside Target	248.51
Downside Target	256.30
Downside Target	262.15
Downside Target	280.90
Downside Target	286.45
Downside Target	290.55
Downside Target	293.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	292.28
Downside Intraday Target	287.57
Upside Intraday Target	299.98
Upside Intraday Target	302.97
Downside Intraday Target	295.27

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	297.00	292.00	298.25	290.55	0.2 times
20 Fri Sep 2024	290.50	274.50	293.00	269.20	0.564 times
13 Fri Sep 2024	272.90	260.00	286.45	256.30	1.162 times
06 Fri Sep 2024	259.95	252.00	262.15	240.40	2.018 times
30 Fri Aug 2024	250.53	263.80	264.42	248.51	0.432 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
23 Mon Sep 2024	297.00	252.00	298.25	240.40	0.62 times
30 Fri Aug 2024	250.53	231.00	280.90	228.00	2.007 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

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 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 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 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 positive zone. This is a BUY 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 278.62 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.