Stock analysis Zomato Limited ZOMATO
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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.