Overall Technical outlook

Price Summary

2025-06-09, saw ZOMATO's stock open at 261.9, hit a peak of 262.98, fall to a low of 255.35, and close down -1.93% at 256.84, with 33660854 shares changing hands.
The stock's highest value over the last 52 weeks is 302.95, and the lowest value is 201.43.

Technicals

Support and Resistance: The price currently sits at 256.84, finding support at 245.76 and resistance at 288.25. These levels define a range for Eternal Limited where the price may move, with 245.76 offering a base and 288.25 limiting upward momentum.
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Support/Resistance for ZOMATO


Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Aroon chart for Eternal Limited


Bol. Bands: The recent price action for ZOMATO shows a dip below the upper Bollinger Band, hinting at a possible downward movement. This signal might indicate that the asset is overbought and could be heading for a decline. Traders often view this as a potential reversal point, suggesting that the bullish momentum may be waning, and a correction or pullback could be on the horizon.
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Bolinger Bands chart for Eternal Limited


Parabolic SAR: The PSAR for ZOMATO maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Eternal Limited


Stochastic: The stochastic indicator is in a bullish phase, as the K-line is above the D-line and the 80 mark. This setup suggests strong upward momentum, implying that ZOMATO may continue to experience gains. Investors may consider this a positive signal for continued market growth.
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Stochastic chart for Eternal Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend begins to falter.
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Tripple SMA chart for Eternal Limited


Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.