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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 2024-04-08 View latest technical analysis

10 day averaged volume of Indo Rama is 500957

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	45.15	46.40	46.80	44.90	0.38 times
05 Fri Apr 2024	46.15	43.75	46.80	43.75	0.613 times
04 Thu Apr 2024	44.15	44.50	44.85	43.40	0.394 times
03 Wed Apr 2024	44.10	43.15	45.35	42.80	0.832 times
02 Tue Apr 2024	42.95	43.50	44.65	42.70	1.162 times
01 Mon Apr 2024	43.25	39.15	44.00	39.15	1.011 times
28 Thu Mar 2024	38.85	38.00	41.00	38.00	1.337 times
27 Wed Mar 2024	37.90	39.00	39.55	36.40	1.802 times
26 Tue Mar 2024	38.40	40.80	41.05	37.30	1.212 times
22 Fri Mar 2024	40.70	40.25	41.05	39.90	0.772 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 45.2 as stoploss in an intra day sell trade for a target of 42.33. However, stock will show a bullish move above 45.2.

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
Downside Target	44.90
Upside Target	46.80
Upside Target	48.65
Upside Target	49.90
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	44.43
Downside Intraday Target	43.72
Upside Intraday Target	46.33
Upside Intraday Target	47.52
Upside Intraday Target	45.62

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	45.15	46.40	46.80	44.90	0.095 times
05 Fri Apr 2024	46.15	39.15	46.80	39.15	0.922 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

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
08 Mon Apr 2024	45.15	39.15	46.80	39.15	0.245 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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 tired and bears are picking up momentum.

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

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 41.13 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.