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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 2024-06-04 View latest technical analysis

10 day averaged volume of Indo Rama is 118777

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	39.35	40.50	41.00	37.50	1.5 times
03 Mon Jun 2024	40.20	41.50	41.80	39.25	1.283 times
31 Fri May 2024	40.25	41.70	41.70	40.00	1.049 times
30 Thu May 2024	40.95	41.00	41.55	40.30	0.659 times
29 Wed May 2024	41.45	42.00	42.00	41.20	0.362 times
28 Tue May 2024	41.40	41.90	42.05	41.25	0.479 times
27 Mon May 2024	41.65	41.95	41.95	41.00	1.005 times
24 Fri May 2024	41.95	42.45	43.30	41.70	1.448 times
23 Thu May 2024	42.10	42.00	43.50	41.90	1.04 times
22 Wed May 2024	42.10	42.50	43.80	41.10	0.954 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 39.2, for a target of 40.7 or 41.95

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	37.50
Downside Target	39.15
Upside Target	40.00
Upside Target	43.80
Upside Target	44.80
Upside Target	44.95
Upside Target	45.80
Upside Target	47.40
Upside Target	49.60
Upside Target	52.50
Upside Target	65.95

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	37.3
Downside Intraday Target	35.25
Upside Intraday Target	41.6
Upside Intraday Target	43.85
Upside Intraday Target	39.55

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	39.35	41.50	41.80	37.50	0.783 times
31 Fri May 2024	40.25	41.95	42.05	40.00	0.688 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

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
04 Tue Jun 2024	39.35	41.50	41.80	37.50	0.109 times
31 Fri May 2024	40.25	45.75	45.80	40.00	0.581 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

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 neutral. A longer time frame might give a better analysis.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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 41.03 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.