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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 2024-05-29 View latest technical analysis

10 day averaged volume of Indo Rama is 132181

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	41.45	42.00	42.00	41.20	0.325 times
28 Tue May 2024	41.40	41.90	42.05	41.25	0.43 times
27 Mon May 2024	41.65	41.95	41.95	41.00	0.903 times
24 Fri May 2024	41.95	42.45	43.30	41.70	1.301 times
23 Thu May 2024	42.10	42.00	43.50	41.90	0.935 times
22 Wed May 2024	42.10	42.50	43.80	41.10	0.857 times
21 Tue May 2024	42.30	43.80	43.80	42.00	1.548 times
18 Sat May 2024	43.85	44.65	44.85	42.65	1.022 times
17 Fri May 2024	44.65	44.05	44.95	43.20	0.611 times
16 Thu May 2024	43.65	43.45	44.15	42.65	1.742 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.6, but if it comes above 41.6, then a intra day buy could be more profitable.
If you take a sell trade below 41.6, then use 41.6 as stoploss and 40.3 as target. However if you take a buy trade in stock , then use 41.6 as stoploss and 42.65 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	42.05
Upside Target	43.80
Upside Target	46.30
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	40.45
Upside Intraday Target	42
Upside Intraday Target	42.55
Upside Intraday Target	41.5

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	41.45	41.95	42.05	41.00	0.357 times
24 Fri May 2024	41.95	43.80	43.80	41.10	0.614 times
18 Sat May 2024	43.85	42.25	44.95	40.75	1.179 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

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
29 Wed May 2024	41.45	45.75	45.80	40.75	0.542 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 Strong and stock is gaining momentum.

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

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 42.64 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 negative.

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