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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 2024-04-02 View latest technical analysis

10 day averaged volume of Indo Rama is 498215

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	42.95	43.50	44.65	42.70	1.169 times
01 Mon Apr 2024	43.25	39.15	44.00	39.15	1.017 times
28 Thu Mar 2024	38.85	38.00	41.00	38.00	1.344 times
27 Wed Mar 2024	37.90	39.00	39.55	36.40	1.812 times
26 Tue Mar 2024	38.40	40.80	41.05	37.30	1.218 times
22 Fri Mar 2024	40.70	40.25	41.05	39.90	0.776 times
21 Thu Mar 2024	40.15	40.15	41.00	39.80	0.87 times
20 Wed Mar 2024	39.80	40.80	41.15	39.25	0.77 times
19 Tue Mar 2024	41.00	41.40	42.10	40.55	0.725 times
18 Mon Mar 2024	41.40	41.00	42.15	40.90	0.901 times

My analysis of stock is bearish for shortterm, and stock might move down till 39.2 or till 34.3. Use a stoploss of 43.24 and if the stock hits stoploss, then it can shoot up till 47.3

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	39.15
Downside Target	41.05
Downside Target	42.15
Upside Target	44.65
Upside Target	46.40
Upside Target	48.65
Upside Target	51.10
Upside Target	51.80
Upside Target	52.50
Upside Target	54.75
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	39.85
Downside Intraday Target	36.75
Upside Intraday Target	45.35
Upside Intraday Target	47.75
Downside Intraday Target	42.25

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	42.95	39.15	44.65	39.15	0.5 times
28 Thu Mar 2024	38.85	40.80	41.05	36.40	1.082 times
22 Fri Mar 2024	40.70	41.00	42.15	39.25	0.756 times
15 Fri Mar 2024	40.90	49.90	49.90	39.65	1.696 times
07 Thu Mar 2024	49.15	50.55	51.10	46.40	0.918 times

Price has moved up 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
02 Tue Apr 2024	42.95	39.15	44.65	39.15	0.121 times
28 Thu Mar 2024	38.85	51.90	52.50	36.40	0.626 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

Scroll below to view daily charts

Price has moved up 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Indo Rama in short term but the buy signal is initial and weak.

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

Indo Rama Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Indo Rama in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 40.18 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 rising upwards.

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 is giving positive 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.