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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 2024-03-12 View latest technical analysis

10 day averaged volume of Indo Rama is 308772

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	44.10	46.55	46.75	43.55	1.806 times
11 Mon Mar 2024	46.55	49.90	49.90	46.30	0.84 times
07 Thu Mar 2024	49.15	48.35	49.70	47.50	0.801 times
06 Wed Mar 2024	48.15	49.00	49.40	46.40	1.298 times
05 Tue Mar 2024	49.30	49.60	50.90	48.80	2 times
04 Mon Mar 2024	49.90	50.55	51.10	49.60	0.989 times
02 Sat Mar 2024	50.50	52.00	52.10	49.40	0.823 times
01 Fri Mar 2024	52.00	51.90	52.50	50.60	0.998 times
29 Thu Feb 2024	51.85	50.70	52.45	50.55	0.707 times
28 Wed Feb 2024	50.90	52.45	52.60	50.55	0.911 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 45.5, for a target of 48.4 or 50.76

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	43.55
Upside Target	46.40
Upside Target	48.65
Upside Target	51.10
Upside Target	52.50
Upside Target	54.75
Upside Target	55.20
Upside Target	55.90
Upside Target	56.90
Upside Target	59.20
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	41.8
Downside Intraday Target	39.5
Upside Intraday Target	48.15
Upside Intraday Target	52.2
Upside Intraday Target	45.85

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	44.10	49.90	49.90	43.55	0.52 times
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

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
12 Tue Mar 2024	44.10	51.90	52.50	43.55	0.205 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indo Rama stock for short term is SELL. 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.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 48.78 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.