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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 2024-08-05 View latest technical analysis

10 day averaged volume of Indo Rama is 524356

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	44.51	46.20	46.53	44.31	0.595 times
02 Fri Aug 2024	46.89	47.99	48.17	46.74	0.395 times
01 Thu Aug 2024	48.15	49.60	50.13	47.51	0.393 times
31 Wed Jul 2024	49.42	48.25	51.00	48.25	1.448 times
30 Tue Jul 2024	48.73	48.00	50.20	47.27	1.331 times
29 Mon Jul 2024	47.96	48.50	49.64	47.59	0.871 times
26 Fri Jul 2024	48.50	45.45	51.98	45.45	4.261 times
25 Thu Jul 2024	45.24	44.45	46.90	44.45	0.409 times
24 Wed Jul 2024	45.11	44.25	45.83	44.21	0.329 times
23 Tue Jul 2024	43.94	43.90	45.19	43.25	0.23 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.6, but if it comes above 44.6, then a intra day buy could be more profitable.
If you take a sell trade below 44.6, then use 44.6 as stoploss and 42.7 as target. However if you take a buy trade in stock , then use 44.6 as stoploss and 46.24 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	39.15
Downside Target	40.00
Downside Target	43.21
Downside Target	44.31
Upside Target	45.80
Upside Target	47.40
Upside Target	47.44
Upside Target	48.49
Upside Target	50.13
Upside Target	51.00
Upside Target	51.98

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	43.7
Downside Intraday Target	42.9
Upside Intraday Target	45.92
Upside Intraday Target	47.34
Upside Intraday Target	45.12

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	44.51	46.20	46.53	44.31	0.134 times
02 Fri Aug 2024	46.89	48.50	51.00	46.74	0.798 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

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
05 Mon Aug 2024	44.51	49.60	50.13	44.31	0.081 times
31 Wed Jul 2024	49.42	44.50	51.98	43.21	2.126 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 47.97 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 is giving positive 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.