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Stock analysis Zomato Limited ZOMATO

More indepth analysis on MunafaSutra.com

Moving Averages for Zomato Limited

  • 5Day Average: 252.23
  • 12Day Average: 260.75
  • 20Day Average: 266.55
  • 50Day Average: 267.12
  • 100Day Average: 246.56
  • 150Day Average: 227.03
  • 200Day Average: 208.77

ZOMATO Indicators & signals

Indicator MACD (12,26,9)

259.04, 264.53, -2.68
Indicator MACD is in negative zone

Indicator ADX (14)

31.95, 11.57, 22.44
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ZOMATO Zomato Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Wed Oct 2024 246.85 245.05 to 250.50 -2.14% 0.72 times
29 Tue Oct 2024 252.25 248.45 to 255.90 -0.67% 0.45 times
28 Mon Oct 2024 253.95 247.10 to 259.25 0.06% 0.61 times
25 Fri Oct 2024 253.80 246.50 to 257.95 -0.2% 0.99 times
24 Thu Oct 2024 254.30 252.55 to 268.40 -3.69% 0.9 times
23 Wed Oct 2024 264.05 242.10 to 268.00 3% 2.4 times
22 Tue Oct 2024 256.35 252.75 to 270.90 -3.52% 1.04 times
21 Mon Oct 2024 265.70 254.50 to 267.00 3.2% 1.31 times
18 Fri Oct 2024 257.45 255.25 to 270.30 -4.84% 1.61 times
17 Thu Oct 2024 270.55 268.60 to 275.15 -1.35% 0.38 times
16 Wed Oct 2024 274.25 273.00 to 279.40 -1.9% 0.31 times
15 Tue Oct 2024 279.55 276.10 to 283.00 -0.18% 0.36 times

Technical analysis forecast for Zomato Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Zomato Limited ZOMATO at this time. Stock is falling and might fall more.

It appears as if Zomato Limited ZOMATO gave a large move recently.

Stock of Zomato Limited (ZOMATO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Zomato Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Zomato Limited stays below 252.5, but if it comes above 252.5, then a intra day buy could be more profitable.
If you take a sell trade below 252.5, then use 252.5 as stoploss and 239.6 as target. However if you take a buy trade in Zomato Limited, then use 252.5 as stoploss and 263.19 as target.

More indepth analysis on MunafaSutra.com