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(INDORAMA) Indo Rama complete technical analysis [charts+indicators] | Buy/Sell Indo Rama | (INDORAMA) share price targets

Complete technical analysis of Indo Rama (INDORAMA) by charts plus indicators, forecast predictions and share price targets for Indo Rama (INDORAMA)

Indo Rama trades in NSE in Textiles sector.

Showing technical analysis as on 2024-02-26 View latest technical analysis

10 day averaged volume of Indo Rama is 677504

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	53.15	54.95	55.90	52.10	0.671 times
23 Fri Feb 2024	54.60	52.35	55.20	52.25	1.225 times
22 Thu Feb 2024	52.35	52.80	52.95	51.95	0.274 times
21 Wed Feb 2024	52.45	52.75	54.85	52.10	1.065 times
20 Tue Feb 2024	52.25	52.60	52.85	51.60	0.489 times
19 Mon Feb 2024	52.35	53.05	53.55	51.90	0.487 times
16 Fri Feb 2024	52.80	50.55	54.80	50.20	1.882 times
15 Thu Feb 2024	50.40	50.70	51.75	49.95	1.667 times
14 Wed Feb 2024	50.10	50.30	51.70	49.80	0.99 times
13 Tue Feb 2024	50.35	53.90	53.90	49.60	1.004 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 51.4 as stoploss in an intra day buy trade for a target of 56.57. However, stock will show a bearish move below 51.4.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.55
Downside Target	48.65
Downside Target	51.60
Upside Target	54.40
Upside Target	55.90
Upside Target	56.90
Upside Target	59.20
Upside Target	60.30
Upside Target	65.65
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	51.53
Downside Intraday Target	49.92
Upside Intraday Target	55.33
Upside Intraday Target	57.52
Upside Intraday Target	53.72

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	53.15	54.95	55.90	52.10	0.19 times
23 Fri Feb 2024	54.60	53.05	55.20	51.60	0.548 times
16 Fri Feb 2024	52.80	56.90	56.90	49.60	0.886 times
09 Fri Feb 2024	56.45	62.90	65.65	54.40	0.567 times
02 Fri Feb 2024	62.50	54.90	67.10	54.60	8.211 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indo Rama (INDORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	53.15	65.75	65.95	49.60	0.704 times
31 Wed Jan 2024	64.65	52.30	67.10	51.80	2.077 times
29 Fri Dec 2023	52.10	50.50	54.75	48.65	1.076 times
30 Thu Nov 2023	50.20	55.80	59.20	50.05	0.805 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indo Rama (INDORAMA)

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indo Rama stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Indo Rama in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Indo Rama is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.01 and Indo Rama (INDORAMA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Indo Rama (INDORAMA) stock. Volume based technical analysis of Indo Rama (INDORAMA) stock is negative.

Indo Rama Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.