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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 2024-10-07 View latest technical analysis

10 day averaged volume of Zomato is 49256067

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	266.10	278.55	279.00	261.60	1.043 times
04 Fri Oct 2024	275.30	267.00	277.85	264.10	1.2 times
03 Thu Oct 2024	269.00	269.70	272.45	268.00	0.828 times
01 Tue Oct 2024	274.15	272.55	276.45	271.30	0.652 times
30 Mon Sep 2024	273.30	277.90	277.90	272.45	0.832 times
27 Fri Sep 2024	278.15	275.40	286.90	273.50	1.194 times
26 Thu Sep 2024	283.90	285.40	285.90	278.50	0.793 times
25 Wed Sep 2024	285.40	291.80	291.85	283.05	0.968 times
24 Tue Sep 2024	291.70	298.00	298.00	290.25	0.829 times
23 Mon Sep 2024	297.00	292.00	298.25	290.55	0.99 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 268.6, but if it comes above 268.6, then a intra day buy could be more profitable.
If you take a sell trade below 268.6, then use 268.6 as stoploss and 258.1 as target. However if you take a buy trade in stock , then use 268.6 as stoploss and 277.36 as target.

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	146.30
Downside Target	194.56
Downside Target	204.70
Downside Target	228.00
Downside Target	240.40
Downside Target	256.30
Downside Target	261.60
Upside Target	279.00
Upside Target	280.90
Upside Target	286.45
Upside Target	293.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	258.8
Downside Intraday Target	251.5
Upside Intraday Target	276.2
Upside Intraday Target	286.3
Upside Intraday Target	268.9

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	266.10	278.55	279.00	261.60	0.297 times
04 Fri Oct 2024	275.30	277.90	277.90	264.10	0.736 times
27 Fri Sep 2024	278.15	292.00	298.25	273.50	0.963 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

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
07 Mon Oct 2024	266.10	272.55	279.00	261.60	0.138 times
30 Mon Sep 2024	273.30	252.00	298.25	240.40	0.749 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

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 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 to mid 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 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 losing momentum.

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

Zomato Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Zomato in short term and SELL 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

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 279.36 and Zomato (ZOMATO) stock is trading below this level. This means that stock is falling with high volumes. 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.