Zomato Ltd (543320.BO)

Close: 274.75 (+0.85), Dec 24, 2024
Positive

Medium risk

chart Zomato Ltd (543320) Candlesticks 22 Days
Candlesticks
chart Zomato Ltd (543320) Short term
Short term: Positive
chart Zomato Ltd (543320) Medium term
Medium term: Positive
chart Zomato Ltd (543320) Long term
Long term: Weak Negative
chart Zomato Ltd (543320)
RSI - Relative Strength Index

Short term

Zomato Ltd has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The stock has support at rupee 267 and resistance at rupee 280. Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which weakens the trend break. The stock is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 57)

Medium term

Zomato Ltd is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. However, the price has broken a support level in the short term and given a negative signal for the short term trading range. The stock is between support at rupee 240 and resistance at rupee 300. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 90)

Long term

Zomato Ltd has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The stock has broken down through support at rupee 295. This predicts a further decline. In case of positive reactions, there will now be resistance at rupee 295. The volume balance is positive and strengthens the stock in the short term. The stock is overall assessed as technically slightly negative for the long term.

Recommendation one to six quarters: Weak Negative (Score: -29)


Overall analysis

Zomato Ltd is technically positive for the short and medium term, but negative for the long term.

Recommendation one to six months: Positive (Score: 59)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.86%381.61+0.31%
5 days92.076.13%573.13-7.43%
22 days63.8117.24%841.90+4.01%
66 days39.1040.02%830.48+1.46%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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