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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 2024-06-25 View latest technical analysis

10 day averaged volume of Indo Rama is 273205

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	45.15	45.70	46.44	45.00	0.653 times
24 Mon Jun 2024	46.04	45.00	47.25	44.80	1.155 times
21 Fri Jun 2024	45.28	47.25	47.25	45.11	1.042 times
20 Thu Jun 2024	46.84	43.37	47.40	42.74	3.041 times
19 Wed Jun 2024	42.91	43.80	43.80	41.99	0.547 times
18 Tue Jun 2024	43.22	43.78	44.39	43.00	0.683 times
14 Fri Jun 2024	43.45	43.55	44.70	42.56	1.123 times
13 Thu Jun 2024	42.94	43.00	43.62	42.52	0.452 times
12 Wed Jun 2024	43.24	42.95	43.67	42.41	0.816 times
11 Tue Jun 2024	42.40	42.35	43.00	41.75	0.464 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.5, but if it comes below 44.5, then a intra day sell could be more profitable.
If you take a sell trade below 44.5, then use 44.5 as stoploss and 42.49 as target. However if you take a buy trade in stock , then use 44.5 as stoploss and 47 as target.

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
Downside Target	41.75
Downside Target	44.70
Upside Target	45.80
Upside Target	47.25
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	44.22
Downside Intraday Target	43.28
Upside Intraday Target	46.67
Upside Intraday Target	48.18
Upside Intraday Target	45.73

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Jun 2024	45.15	45.00	47.25	44.80	0.34 times
21 Fri Jun 2024	45.28	43.78	47.40	41.99	1.505 times
14 Fri Jun 2024	43.45	42.00	44.70	41.75	1.238 times
07 Fri Jun 2024	41.75	41.50	42.50	37.50	1.847 times
31 Fri May 2024	40.25	41.95	42.05	40.00	0.688 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
25 Tue Jun 2024	45.15	41.50	47.40	37.50	1.218 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 44.95 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 rising upwards.

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 is giving positive 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.