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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 2024-09-26 View latest technical analysis

10 day averaged volume of Indo Rama is 1956843

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	48.07	48.35	49.25	47.92	0.113 times
25 Wed Sep 2024	48.85	48.55	49.60	48.20	0.155 times
24 Tue Sep 2024	48.37	49.46	49.88	48.16	0.134 times
23 Mon Sep 2024	49.10	49.05	50.52	49.00	0.202 times
20 Fri Sep 2024	49.02	50.20	50.69	48.10	0.2 times
19 Thu Sep 2024	50.06	52.10	52.44	48.85	0.379 times
18 Wed Sep 2024	51.85	52.90	54.80	51.00	0.474 times
17 Tue Sep 2024	52.86	53.80	53.80	52.41	0.151 times
16 Mon Sep 2024	53.52	54.65	54.95	52.76	0.568 times
13 Fri Sep 2024	54.45	58.15	58.70	53.86	1.367 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 47.6 as stoploss in an intra day buy trade for a target of 50.34. However, stock will show a bearish move below 47.6.

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
Upside Target	50.52
Upside Target	51.00
Upside Target	51.98
Upside Target	52.70
Upside Target	54.95
Upside Target	59.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	47.15
Downside Intraday Target	46.24
Upside Intraday Target	49.75
Upside Intraday Target	51.44
Upside Intraday Target	48.84

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	48.07	49.05	50.52	47.92	0.341 times
20 Fri Sep 2024	49.02	54.65	54.95	48.10	0.198 times
13 Fri Sep 2024	54.45	48.00	59.50	47.11	7.147 times
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

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
26 Thu Sep 2024	48.07	47.90	59.50	46.60	4.339 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, 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 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 SELL. 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 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 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 and the buying is gaining 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 52.25 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 has given negative 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.