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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.

10 day averaged volume of Indo Rama is 537221

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 38.85 38.00 41.00 38.00 1.246 times
27 Wed Mar 2024 37.90 39.00 39.55 36.40 1.681 times
26 Tue Mar 2024 38.40 40.80 41.05 37.30 1.13 times
22 Fri Mar 2024 40.70 40.25 41.05 39.90 0.72 times
21 Thu Mar 2024 40.15 40.15 41.00 39.80 0.807 times
20 Wed Mar 2024 39.80 40.80 41.15 39.25 0.714 times
19 Tue Mar 2024 41.00 41.40 42.10 40.55 0.673 times
18 Mon Mar 2024 41.40 41.00 42.15 40.90 0.836 times
15 Fri Mar 2024 40.90 41.45 42.00 40.55 0.525 times
14 Thu Mar 2024 41.65 40.25 42.40 39.65 1.062 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.3, but if it comes above 39.3, then a intra day buy could be more profitable.
If you take a sell trade below 39.3, then use 39.3 as stoploss and 33.5 as target. However if you take a buy trade in stock , then use 39.3 as stoploss and 44.13 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type Value
Downside Target 36.40
Upside Target 39.25
Upside Target 41.05
Upside Target 42.15
Upside Target 46.40
Upside Target 48.65
Upside Target 51.10
Upside Target 52.50
Upside Target 54.75
Upside Target 55.90
Upside Target 59.20
Upside Target 65.95
Upside Target 67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type Value
Downside Intraday Target 36.48
Downside Intraday Target 34.12
Upside Intraday Target 41.13
Upside Intraday Target 43.42
Downside Intraday Target 38.77

Weekly technical analysis of Indo Rama (INDORAMA)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 38.85 40.80 41.05 36.40 1.082 times
22 Fri Mar 2024 40.70 41.00 42.15 39.25 0.756 times
15 Fri Mar 2024 40.90 49.90 49.90 39.65 1.696 times
07 Thu Mar 2024 49.15 50.55 51.10 46.40 0.918 times
02 Sat Mar 2024 50.50 54.95 55.90 49.40 0.714 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
28 Thu Mar 2024 38.85 51.90 52.50 36.40 0.626 times
29 Thu Feb 2024 51.85 65.75 65.95 49.60 0.74 times
31 Wed Jan 2024 64.65 52.30 67.10 51.80 2.077 times
29 Fri Dec 2023 52.10 50.50 54.75 48.65 1.076 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 39.76 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.

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 39.76 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.

Click here for Indo Rama charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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