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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 2024-03-07 View latest technical analysis

10 day averaged volume of Indo Rama is 386558

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	49.15	48.35	49.70	47.50	0.64 times
06 Wed Mar 2024	48.15	49.00	49.40	46.40	1.037 times
05 Tue Mar 2024	49.30	49.60	50.90	48.80	1.598 times
04 Mon Mar 2024	49.90	50.55	51.10	49.60	0.79 times
02 Sat Mar 2024	50.50	52.00	52.10	49.40	0.658 times
01 Fri Mar 2024	52.00	51.90	52.50	50.60	0.797 times
29 Thu Feb 2024	51.85	50.70	52.45	50.55	0.565 times
28 Wed Feb 2024	50.90	52.45	52.60	50.55	0.728 times
27 Tue Feb 2024	52.40	53.05	53.65	52.10	0.505 times
26 Mon Feb 2024	53.15	54.95	55.90	52.10	1.176 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.8, but if it comes above 49.8, then a intra day buy could be more profitable.
If you take a sell trade below 49.8, then use 49.8 as stoploss and 47.9 as target. However if you take a buy trade in stock , then use 49.8 as stoploss and 51.41 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	46.40
Downside Target	48.65
Upside Target	51.10
Upside Target	54.40
Upside Target	54.75
Upside Target	55.20
Upside Target	55.90
Upside Target	56.90
Upside Target	59.20
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	46.67
Downside Intraday Target	44.18
Upside Intraday Target	51.37
Upside Intraday Target	53.58
Downside Intraday Target	48.88

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	49.15	50.55	51.10	46.40	0.918 times
02 Sat Mar 2024	50.50	54.95	55.90	49.40	0.714 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

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
07 Thu Mar 2024	49.15	51.90	52.50	46.40	0.149 times
29 Thu Feb 2024	51.85	65.75	65.95	49.60	0.74 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

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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indo Rama in short term but BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.57 and Indo Rama (INDORAMA) stock is trading below this level. This means that stock is falling with high volumes. 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.