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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 2024-10-16 View latest technical analysis

10 day averaged volume of Zomato is 44055037

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	274.25	279.00	279.40	273.00	0.474 times
15 Tue Oct 2024	279.55	283.00	283.00	276.10	0.545 times
14 Mon Oct 2024	280.05	280.90	285.25	278.00	1.026 times
11 Fri Oct 2024	277.55	276.40	279.00	275.50	0.389 times
10 Thu Oct 2024	275.35	280.50	282.45	274.10	0.883 times
09 Wed Oct 2024	279.95	279.00	290.00	275.35	1.429 times
08 Tue Oct 2024	278.70	266.00	280.90	262.60	1.565 times
07 Mon Oct 2024	266.10	278.55	279.00	261.60	1.166 times
04 Fri Oct 2024	275.30	267.00	277.85	264.10	1.342 times
03 Thu Oct 2024	269.00	269.70	272.45	268.00	0.926 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 271.9 as stoploss in an intra day buy trade for a target of 279.23. However, stock will show a bearish move below 271.9.

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	261.60
Upside Target	280.90
Upside Target	285.25
Upside Target	290.00
Upside Target	293.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	269.75
Downside Intraday Target	265.25
Upside Intraday Target	282
Upside Intraday Target	289.75
Upside Intraday Target	277.5

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	274.25	280.90	285.25	273.00	0.376 times
11 Fri Oct 2024	277.55	278.55	290.00	261.60	1.384 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

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 Wed Oct 2024	274.25	272.55	290.00	261.60	0.348 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 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 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 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 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 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 275.61 and Zomato (ZOMATO) stock is trading below this level. This means that stock is falling with high volumes. 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.