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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 2024-10-04 View latest technical analysis

10 day averaged volume of Indo Rama is 466088

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	46.41	47.62	47.84	46.20	0.523 times
03 Thu Oct 2024	47.44	48.59	49.00	47.25	0.535 times
01 Tue Oct 2024	48.86	49.90	50.49	48.71	0.645 times
30 Mon Sep 2024	49.70	50.40	51.35	49.31	1.019 times
27 Fri Sep 2024	50.36	48.02	51.75	48.02	2.836 times
26 Thu Sep 2024	48.07	48.35	49.25	47.92	0.473 times
25 Wed Sep 2024	48.85	48.55	49.60	48.20	0.651 times
24 Tue Sep 2024	48.37	49.46	49.88	48.16	0.564 times
23 Mon Sep 2024	49.10	49.05	50.52	49.00	0.848 times
20 Fri Sep 2024	49.02	50.20	50.69	48.10	0.839 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.3, but if it comes above 47.3, then a intra day buy could be more profitable.
If you take a sell trade below 47.3, then use 47.3 as stoploss and 43.9 as target. However if you take a buy trade in stock , then use 47.3 as stoploss and 50.15 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	42.22
Downside Target	43.21
Downside Target	46.20
Upside Target	50.49
Upside Target	51.35
Upside Target	51.75
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	44.62
Downside Intraday Target	42.84
Upside Intraday Target	49.77
Upside Intraday Target	53.14
Upside Intraday Target	47.99

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	46.41	50.40	51.35	46.20	0.507 times
27 Fri Sep 2024	50.36	49.05	51.75	47.92	0.722 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

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
04 Fri Oct 2024	46.41	49.90	50.49	46.20	0.03 times
30 Mon Sep 2024	49.70	47.90	59.50	46.60	4.655 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

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 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 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 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 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 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 49.17 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.