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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 2024-06-06 View latest technical analysis

10 day averaged volume of Indo Rama is 116210

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	40.70	40.85	41.90	40.25	1.111 times
05 Wed Jun 2024	40.20	39.35	40.45	38.65	0.982 times
04 Tue Jun 2024	39.35	40.50	41.00	37.50	1.533 times
03 Mon Jun 2024	40.20	41.50	41.80	39.25	1.311 times
31 Fri May 2024	40.25	41.70	41.70	40.00	1.072 times
30 Thu May 2024	40.95	41.00	41.55	40.30	0.673 times
29 Wed May 2024	41.45	42.00	42.00	41.20	0.37 times
28 Tue May 2024	41.40	41.90	42.05	41.25	0.489 times
27 Mon May 2024	41.65	41.95	41.95	41.00	1.027 times
24 Fri May 2024	41.95	42.45	43.30	41.70	1.48 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 40.5 as stoploss in an intra day buy trade for a target of 41.77. However, stock will show a bearish move below 40.5.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	37.50
Downside Target	39.15
Downside 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	38.17
Downside Intraday Target	35.63
Upside Intraday Target	42.57
Upside Intraday Target	44.43
Downside Intraday Target	40.03

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	40.70	41.50	41.90	37.50	1.359 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 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
06 Thu Jun 2024	40.70	41.50	41.90	37.50	0.189 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls 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 buy signal for Indo Rama in short term and BUY 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 40.69 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 negative.

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