(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 3773793
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri Mar 2023 | 50.96 | 51.17 | 51.70 | 50.64 | 1.038 times |
| 29 Wed Mar 2023 | 51.32 | 50.12 | 51.86 | 49.65 | 0.679 times |
| 28 Tue Mar 2023 | 50.23 | 50.30 | 50.55 | 49.00 | 1.429 times |
| 27 Mon Mar 2023 | 50.16 | 50.61 | 51.28 | 49.25 | 0.773 times |
| 24 Fri Mar 2023 | 50.63 | 52.36 | 52.83 | 50.20 | 0.782 times |
| 23 Thu Mar 2023 | 52.60 | 53.00 | 53.19 | 52.12 | 0.666 times |
| 22 Wed Mar 2023 | 53.14 | 53.44 | 53.92 | 52.72 | 1.009 times |
| 21 Tue Mar 2023 | 53.04 | 53.60 | 54.15 | 52.69 | 0.766 times |
| 20 Mon Mar 2023 | 53.55 | 53.21 | 54.73 | 52.22 | 1.189 times |
| 17 Fri Mar 2023 | 54.94 | 53.40 | 55.60 | 53.02 | 1.574 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51, but if it comes above 51, then a intra day buy could be more profitable.
If you take a sell trade below 51, then use 51 as stoploss and 49.1 as target. However if you take a buy trade in stock , then use 51 as stoploss and 52.61 as target.
Share price targets for Zomato (Zomato)
| Target Type | Value |
| Downside Target | 44.35 |
| Downside Target | 47.10 |
| Downside Target | 49.00 |
| Upside Target | 51.86 |
| Upside Target | 54.73 |
| Upside Target | 56.33 |
| Upside Target | 56.75 |
| Upside Target | 60.60 |
| Upside Target | 61.30 |
| Upside Target | 69.00 |
| Upside Target | 75.55 |
Intraday share price targets for Zomato (Zomato)
| Target Type | Value |
| Downside Intraday Target | 49.35 |
| Downside Intraday Target | 47.75 |
| Upside Intraday Target | 52.21 |
| Upside Intraday Target | 53.47 |
| Downside Intraday Target | 50.61 |
Weekly technical analysis of Zomato (Zomato)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri Mar 2023 | 50.96 | 50.61 | 51.86 | 49.00 | 0.888 times |
| 24 Fri Mar 2023 | 50.63 | 53.21 | 54.73 | 50.20 | 0.884 times |
| 17 Fri Mar 2023 | 54.94 | 53.55 | 55.60 | 49.88 | 1.134 times |
| 10 Fri Mar 2023 | 53.84 | 53.86 | 56.33 | 52.65 | 0.822 times |
| 03 Fri Mar 2023 | 53.71 | 54.65 | 55.39 | 53.05 | 0.653 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 |
| 31 Fri Mar 2023 | 50.96 | 53.21 | 56.33 | 49.00 | 0.63 times |
| 28 Tue Feb 2023 | 53.60 | 49.80 | 56.75 | 47.10 | 1.403 times |
| 31 Tue Jan 2023 | 49.75 | 60.60 | 60.60 | 44.35 | 1.139 times |
| 30 Fri Dec 2022 | 59.35 | 66.30 | 69.00 | 53.15 | 0.574 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 17, 24, 16 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 28 | Sell |
| CCI | -47 | Buy |
| RSI | 56 | Buy |
| OBV | -11715326 | Sell |
| VWAP | 52 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Zomato in short term and the sell signal is strong.
Zomato Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Zomato in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Zomato is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 52.23 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.
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