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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 2024-05-14 View latest technical analysis

10 day averaged volume of Indo Rama is 160870

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	42.50	41.65	42.80	41.65	0.375 times
13 Mon May 2024	41.60	42.25	43.95	40.75	2.526 times
10 Fri May 2024	41.95	42.25	42.25	41.25	0.551 times
09 Thu May 2024	41.60	43.00	43.50	41.00	1.242 times
08 Wed May 2024	42.90	42.15	43.50	42.10	0.4 times
07 Tue May 2024	42.40	43.55	43.55	41.90	1.887 times
06 Mon May 2024	43.05	44.55	44.80	42.90	1.187 times
03 Fri May 2024	44.55	44.70	45.30	44.20	0.315 times
02 Thu May 2024	44.60	45.75	45.80	44.35	0.608 times
30 Tue Apr 2024	45.40	45.35	45.80	45.00	0.647 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.6, but if it comes above 42.6, then a intra day buy could be more profitable.
If you take a sell trade below 42.6, then use 42.6 as stoploss and 41 as target. However if you take a buy trade in stock , then use 42.6 as stoploss and 44.01 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	39.15
Downside Target	40.75
Upside Target	42.55
Upside Target	43.95
Upside Target	45.80
Upside Target	46.90
Upside Target	47.40
Upside Target	49.60
Upside Target	51.80
Upside Target	52.50
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	40.85
Downside Intraday Target	39.2
Upside Intraday Target	44.05
Upside Intraday Target	45.6
Downside Intraday Target	42.4

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	42.50	42.25	43.95	40.75	0.551 times
10 Fri May 2024	41.95	44.55	44.80	41.00	2.387 times
03 Fri May 2024	44.55	46.30	46.30	44.20	0.354 times
26 Fri Apr 2024	45.55	44.05	46.55	44.05	1.399 times
19 Fri Apr 2024	44.15	43.20	46.90	42.55	0.56 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
14 Tue May 2024	42.50	45.75	45.80	40.75	0.28 times
30 Tue Apr 2024	45.40	39.15	47.40	39.15	0.58 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

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 Weak and stock is losing momentum.

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

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 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 SELL signal in short term but selling is losing 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 42.58 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.