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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 2024-07-29 View latest technical analysis

10 day averaged volume of Indo Rama is 397770

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	47.96	48.50	49.64	47.59	1.148 times
26 Fri Jul 2024	48.50	45.45	51.98	45.45	5.618 times
25 Thu Jul 2024	45.24	44.45	46.90	44.45	0.539 times
24 Wed Jul 2024	45.11	44.25	45.83	44.21	0.434 times
23 Tue Jul 2024	43.94	43.90	45.19	43.25	0.303 times
22 Mon Jul 2024	44.31	43.85	45.45	43.53	0.438 times
19 Fri Jul 2024	43.54	45.75	45.87	43.21	0.583 times
18 Thu Jul 2024	45.64	46.25	46.79	45.15	0.363 times
16 Tue Jul 2024	46.01	46.25	47.30	45.86	0.559 times
15 Mon Jul 2024	46.24	45.90	47.44	45.14	0.746 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 47.9, but if it comes below 47.9, then a intra day sell could be more profitable.
If you take a sell trade below 47.9, then use 47.9 as stoploss and 46.34 as target. However if you take a buy trade in stock , then use 47.9 as stoploss and 49.7 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	43.21
Downside Target	44.50
Downside Target	45.80
Downside Target	47.40
Upside Target	48.49
Upside Target	49.64
Upside Target	51.29
Upside Target	51.98
Upside Target	52.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	47.15
Downside Intraday Target	46.35
Upside Intraday Target	49.2
Upside Intraday Target	50.45
Upside Intraday Target	48.4

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	47.96	48.50	49.64	47.59	0.157 times
26 Fri Jul 2024	48.50	43.85	51.98	43.25	3.257 times
19 Fri Jul 2024	43.54	45.90	47.44	43.21	0.85 times
12 Fri Jul 2024	45.58	46.50	48.49	44.77	0.488 times
05 Fri Jul 2024	47.01	44.50	51.29	44.50	2.14 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 Mon Jul 2024	47.96	44.50	51.98	43.21	1.779 times
28 Fri Jun 2024	44.61	41.50	47.40	37.50	1.387 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a mid to longer 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.

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 stronger in this stock.

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 and the buying is gaining 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 47.19 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.