Zomato Ltd. Stock Analysis by Yagnesh Patel

Feb 19, 2025 |
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Zomato detail analysis with support & resistance levels

Zomato Stock Analysis

  • Zomato Ltd. experienced a significant correction of 33% from its all-time high levels over the past couple of months. However, recent developments in the stock charts indicate a potential recovery.
  • Stock made bottom twice in Jan. 2025 and gave bounce. Again it has formed a bottom in Feb. 2025 at same previous bottom. It is a good sign & some hope of recovery in price.
  • On the weekly chart, Zomato is taking support at its 50-day moving average (MA), which serves as a critical support zone. The daily chart also confirms that the support levels remain intact, reinforcing the bottom formation.
  • Zomato’s RS chart against the Nifty index indicates a potential bottoming pattern, suggesting a short-term recovery may be on the horizon.
  • The daily RSI shows that Zomato is in a bottoming-out phase, which is a strong bullish signal for short-term investors.

Conclusion: It is a high possibility stock may go higher from cmp – 223

Important Resistance: 226 – 242 – 250

Important Support: 218 – 202 – 178

Analyst: Yagnesh Patel

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SEBI Registered Research Analyst

Registration Number: INH000016320

Email: support@yagneshpatel.in or justmoneycare@gmail.com 

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I’m SEBI Registered RA. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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