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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 2024-09-06 View latest technical analysis

10 day averaged volume of Indo Rama is 506790

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	48.05	49.50	50.64	47.70	0.417 times
05 Thu Sep 2024	49.81	51.05	51.44	49.52	0.485 times
04 Wed Sep 2024	50.58	50.00	52.70	49.24	1.752 times
03 Tue Sep 2024	50.05	48.60	50.45	48.11	0.982 times
02 Mon Sep 2024	48.45	47.90	49.85	46.60	1.206 times
30 Fri Aug 2024	47.61	48.40	49.04	47.35	0.322 times
29 Thu Aug 2024	48.40	46.60	51.00	45.71	3.751 times
28 Wed Aug 2024	46.17	47.43	47.92	46.00	0.271 times
27 Tue Aug 2024	46.87	47.30	48.29	46.77	0.241 times
26 Mon Aug 2024	46.86	48.50	48.50	46.59	0.35 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 48.8 as stoploss in an intra day sell trade for a target of 46.94. However, stock will show a bullish move above 48.8.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	40.00
Downside Target	42.22
Downside Target	43.21
Downside Target	45.71
Downside Target	47.90
Upside Target	49.00
Upside Target	51.00
Upside Target	51.98
Upside Target	52.70

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	45.53
Downside Intraday Target	43.02
Upside Intraday Target	51.63
Upside Intraday Target	55.22
Upside Intraday Target	49.12

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	48.05	47.90	52.70	46.60	0.981 times
30 Fri Aug 2024	47.61	48.50	51.00	45.71	2.936 times
23 Fri Aug 2024	47.87	43.90	49.00	43.90	1.386 times
16 Fri Aug 2024	43.84	47.50	47.50	42.22	0.474 times
09 Fri Aug 2024	45.79	46.20	47.90	44.31	0.558 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 Fri Sep 2024	48.05	47.90	52.70	46.60	0.432 times
30 Fri Aug 2024	47.61	49.60	51.00	42.22	0.636 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

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 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 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 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 losing momentum.

MACD generated a BUY signal for Indo Rama in short term and the buy signal is strong.

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 in or below 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 48.84 and Indo Rama (INDORAMA) stock is trading below this level. This means that stock is falling with high volumes. 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.