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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 558263

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Dec 2023	50.50	50.55	51.75	49.70	1.147 times
01 Fri Dec 2023	49.85	50.50	51.30	49.80	0.69 times
30 Thu Nov 2023	50.20	51.40	51.65	50.05	0.867 times
29 Wed Nov 2023	51.05	51.70	52.50	50.60	1.271 times
28 Tue Nov 2023	51.15	53.85	53.85	50.75	0.946 times
24 Fri Nov 2023	53.05	54.85	55.45	52.90	0.83 times
23 Thu Nov 2023	54.60	57.10	57.80	53.60	1.574 times
22 Wed Nov 2023	56.85	56.45	59.00	55.65	2.143 times
21 Tue Nov 2023	55.80	55.15	58.30	54.20	0.822 times
20 Mon Nov 2023	54.70	56.75	56.75	54.15	0.246 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.9, but if it comes above 50.9, then a intra day buy could be more profitable.
If you take a sell trade below 50.9, then use 50.9 as stoploss and 48.2 as target. However if you take a buy trade in stock , then use 50.9 as stoploss and 53.06 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	41.85
Downside Target	47.00
Downside Target	49.70
Upside Target	52.90
Upside Target	53.85
Upside Target	54.60
Upside Target	55.90
Upside Target	57.55
Upside Target	59.00
Upside Target	59.20
Upside Target	60.30

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	49.55
Downside Intraday Target	48.6
Upside Intraday Target	51.6
Upside Intraday Target	52.7
Upside Intraday Target	50.65

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Dec 2023	50.50	50.55	51.75	49.70	0.304 times
01 Fri Dec 2023	49.85	53.85	53.85	49.80	0.672 times
24 Fri Nov 2023	53.05	56.75	59.00	52.90	1.856 times
17 Fri Nov 2023	56.30	52.40	57.55	50.50	1.209 times
10 Fri Nov 2023	51.40	55.05	59.20	50.85	1.127 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
04 Mon Dec 2023	50.50	50.50	51.75	49.70	0.118 times
30 Thu Nov 2023	50.20	55.80	59.20	50.05	0.805 times
31 Tue Oct 2023	55.40	49.30	60.30	47.55	2.309 times
29 Fri Sep 2023	48.85	51.15	54.60	47.00	0.676 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 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

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 BUY signal in short term but buying is losing 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 53.17 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.