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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 2024-05-15 View latest technical analysis

10 day averaged volume of Indo Rama is 156669

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	42.65	42.85	43.60	42.30	0.549 times
14 Tue May 2024	42.50	41.65	42.80	41.65	0.385 times
13 Mon May 2024	41.60	42.25	43.95	40.75	2.593 times
10 Fri May 2024	41.95	42.25	42.25	41.25	0.566 times
09 Thu May 2024	41.60	43.00	43.50	41.00	1.275 times
08 Wed May 2024	42.90	42.15	43.50	42.10	0.411 times
07 Tue May 2024	42.40	43.55	43.55	41.90	1.938 times
06 Mon May 2024	43.05	44.55	44.80	42.90	1.219 times
03 Fri May 2024	44.55	44.70	45.30	44.20	0.324 times
02 Thu May 2024	44.60	45.75	45.80	44.35	0.624 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.5 as stoploss in an intra day buy trade for a target of 43.9. However, stock will show a bearish move below 42.5.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	39.15
Downside Target	40.75
Downside 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	40.95
Downside Intraday Target	39.25
Upside Intraday Target	44.15
Upside Intraday Target	45.65
Downside Intraday Target	42.45

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	42.65	42.25	43.95	40.75	0.652 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
15 Wed May 2024	42.65	45.75	45.80	40.75	0.297 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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 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 42.39 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 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.