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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 2024-08-06 View latest technical analysis

10 day averaged volume of Indo Rama is 538136

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	45.01	44.51	47.46	44.51	0.777 times
05 Mon Aug 2024	44.51	46.20	46.53	44.31	0.58 times
02 Fri Aug 2024	46.89	47.99	48.17	46.74	0.385 times
01 Thu Aug 2024	48.15	49.60	50.13	47.51	0.383 times
31 Wed Jul 2024	49.42	48.25	51.00	48.25	1.411 times
30 Tue Jul 2024	48.73	48.00	50.20	47.27	1.297 times
29 Mon Jul 2024	47.96	48.50	49.64	47.59	0.849 times
26 Fri Jul 2024	48.50	45.45	51.98	45.45	4.152 times
25 Thu Jul 2024	45.24	44.45	46.90	44.45	0.398 times
24 Wed Jul 2024	45.11	44.25	45.83	44.21	0.321 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 44.6 as stoploss in an intra day buy trade for a target of 46.19. However, stock will show a bearish move below 44.6.

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	46.74
Upside Target	47.46
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	43.73
Downside Intraday Target	42.44
Upside Intraday Target	46.88
Upside Intraday Target	48.74
Upside Intraday Target	45.59

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	45.01	46.20	47.46	44.31	0.314 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
06 Tue Aug 2024	45.01	49.60	50.13	44.31	0.128 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 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 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 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 gaining momentum.

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

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 47.83 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.