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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 2024-04-12 View latest technical analysis

10 day averaged volume of Indo Rama is 475670

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	45.25	45.45	45.65	44.55	0.225 times
10 Wed Apr 2024	45.20	45.85	46.00	45.00	0.296 times
09 Tue Apr 2024	45.75	45.20	47.40	43.00	1.772 times
08 Mon Apr 2024	45.15	46.40	46.80	44.90	0.4 times
05 Fri Apr 2024	46.15	43.75	46.80	43.75	0.646 times
04 Thu Apr 2024	44.15	44.50	44.85	43.40	0.415 times
03 Wed Apr 2024	44.10	43.15	45.35	42.80	0.876 times
02 Tue Apr 2024	42.95	43.50	44.65	42.70	1.224 times
01 Mon Apr 2024	43.25	39.15	44.00	39.15	1.065 times
28 Thu Mar 2024	38.85	38.00	41.00	38.00	1.408 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.7, but if it comes below 44.7, then a intra day sell could be more profitable.
If you take a sell trade below 44.7, then use 44.7 as stoploss and 42.15 as target. However if you take a buy trade in stock , then use 44.7 as stoploss and 47.7 as target.

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	43.00
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	43.03
Downside Intraday Target	40.82
Upside Intraday Target	47.43
Upside Intraday Target	49.62
Downside Intraday Target	45.22

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	45.25	46.40	47.40	43.00	0.637 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
12 Fri Apr 2024	45.25	39.15	47.40	39.15	0.366 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. 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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 43.57 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.