(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 50923513
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 189.10 | 194.40 | 196.50 | 188.75 | 0.657 times |
| 20 Mon May 2024 | 194.40 | 194.75 | 195.70 | 194.10 | 0.05 times |
| 17 Fri May 2024 | 194.85 | 195.15 | 196.00 | 193.10 | 0.409 times |
| 16 Thu May 2024 | 195.20 | 192.90 | 195.85 | 189.00 | 0.697 times |
| 15 Wed May 2024 | 192.00 | 188.80 | 193.40 | 183.15 | 0.879 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 188.2 as stoploss in an intra day buy trade for a target of 192.52. However, stock will show a bearish move below 188.2.
Share price targets for Zomato (ZOMATO)
| Target Type | Value |
| Downside Target | 121.60 |
| Downside Target | 138.05 |
| Downside Target | 142.00 |
| Downside Target | 168.85 |
| Downside Target | 177.85 |
| Downside Target | 182.10 |
| Downside Target | 186.45 |
| Upside Target | 196.50 |
| Upside Target | 197.70 |
| Upside Target | 199.70 |
| Upside Target | 200.35 |
| Upside Target | 205.00 |
| Upside Target | 207.20 |
Intraday share price targets for Zomato (ZOMATO)
| Target Type | Value |
| Downside Intraday Target | 186.4 |
| Downside Intraday Target | 183.7 |
| Upside Intraday Target | 194.15 |
| Upside Intraday Target | 199.2 |
| Upside Intraday Target | 191.45 |
Weekly technical analysis of Zomato (ZOMATO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Tue May 2024 | 189.10 | 194.75 | 196.50 | 188.75 | 0.111 times |
| 17 Fri May 2024 | 194.85 | 205.80 | 207.20 | 182.10 | 1.462 times |
| 10 Fri May 2024 | 201.30 | 199.00 | 205.00 | 182.35 | 1.611 times |
| 03 Fri May 2024 | 197.25 | 189.40 | 200.35 | 186.45 | 0.813 times |
| 26 Fri Apr 2024 | 188.10 | 193.00 | 197.70 | 182.50 | 1.053 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 |
| 21 Tue May 2024 | 189.10 | 193.60 | 207.20 | 182.10 | 0.903 times |
| 30 Tue Apr 2024 | 193.15 | 183.90 | 199.70 | 177.85 | 0.804 times |
| 28 Thu Mar 2024 | 182.10 | 168.00 | 189.00 | 144.30 | 0.496 times |
| 29 Thu Feb 2024 | 165.45 | 141.00 | 168.85 | 138.05 | 1.489 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 15, 21, 15 | Sell |
| MACD | 7, 9 | Sell |
| Stochastics | 43 | None |
| CCI | -54 | Sell |
| RSI | 54 | Buy |
| OBV | -129616239 | Sell |
| VWAP | 193 | Sell |
| ADL | 0 | Sell |
| ROC | -1 | Sell |
| Force Index | 0 | Sell |
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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Zomato ( (ZOMATO) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining 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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 negative zone. This is the SELL 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 193.25 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.
Click here for further forecast and predictions for tomorrow
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