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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)

10 day averaged volume of Zomato is 311145821

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 65.25 64.80 65.60 61.80 0.829 times
16 Tue Aug 2022 64.25 62.65 67.45 62.50 0.806 times
12 Fri Aug 2022 61.75 58.10 63.10 57.90 1.129 times
11 Thu Aug 2022 57.90 56.90 58.15 56.35 0.421 times
10 Wed Aug 2022 55.95 56.20 56.55 54.50 0.645 times
08 Mon Aug 2022 55.45 54.70 56.20 54.20 0.573 times
05 Fri Aug 2022 54.60 57.90 59.15 53.25 1.012 times
04 Thu Aug 2022 57.85 55.75 58.65 54.50 1.35 times
03 Wed Aug 2022 55.45 52.50 56.90 51.75 1.927 times
02 Tue Aug 2022 55.55 50.00 55.55 48.40 1.7 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 67.6, for a target of 59.9 or 53.44

Share price targets for Zomato (ZOMATO)

Target Type Value
Downside Target 40.60
Downside Target 45.05
Downside Target 50.05
Downside Target 52.50
Downside Target 59.15
Downside Target 61.50
Downside Target 63.10
Upside Target 67.45
Upside Target 71.10
Upside Target 77.70
Upside Target 79.80
Upside Target 88.30

Intraday share price targets for Zomato (ZOMATO)

Target Type Value
Downside Intraday Target 62.22
Downside Intraday Target 59.18
Upside Intraday Target 67.87
Upside Intraday Target 70.48
Downside Intraday Target 64.83

Weekly technical analysis of Zomato (ZOMATO)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 65.25 62.65 67.45 61.80 0.591 times
12 Fri Aug 2022 61.75 54.70 63.10 54.20 0.431 times
05 Fri Aug 2022 54.60 46.80 59.15 45.05 1.216 times
30 Sat Jul 2022 46.80 52.50 52.50 40.60 9.266 times
22 Fri Jul 2022 53.65 54.70 55.10 52.70 0.727 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
17 Wed Aug 2022 65.25 46.80 67.45 45.05 1.418 times
30 Sat Jul 2022 46.80 54.15 61.50 40.60 1.966 times
30 Thu Jun 2022 53.85 75.40 79.80 53.35 0.894 times
31 Tue May 2022 74.65 71.75 77.70 50.05 4.078 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)

Indicator Name Indicator Value Indicator Signal
ADX 39, 13, 49 Buy
MACD 1, -1Buy
Stochastics 89Buy
CCI 130Sell
RSI 47Sell
OBV 1218228267Sell
VWAP 58Buy
ADL 0Sell
ROC 41Buy
Force Index 0Sell

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Zomato stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 SELL signal for Zomato in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 57.97 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.

Click here for Zomato charts

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Daily charts

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Daily chart

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