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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)

10 day averaged volume of Indo Rama is 164881

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 68.55 69.00 70.15 67.65 0.206 times
20 Fri May 2022 69.15 66.10 69.40 66.10 0.122 times
19 Thu May 2022 67.50 69.50 69.50 66.40 0.302 times
18 Wed May 2022 69.55 71.55 73.55 68.80 0.49 times
17 Tue May 2022 71.45 70.55 72.65 69.40 0.459 times
16 Mon May 2022 70.05 68.65 71.55 68.65 0.528 times
13 Fri May 2022 68.95 67.90 71.65 67.90 0.623 times
12 Thu May 2022 66.65 66.00 68.30 64.60 1.135 times
11 Wed May 2022 67.70 70.20 73.30 65.55 3.079 times
10 Tue May 2022 71.20 77.85 77.85 70.20 1.919 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 68.6, but if it comes above 68.6, then a intra day buy could be more profitable.
If you take a sell trade below 68.6, then use 68.6 as stoploss and 62.5 as target. However if you take a buy trade in stock , then use 68.6 as stoploss and 73.76 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.65
Downside Target 59.85
Downside Target 64.60
Downside Target 66.10
Upside Target 70.15
Upside Target 72.60
Upside Target 77.85
Upside Target 85.00
Upside Target 85.90
Upside Target 86.25
Upside Target 90.25

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 67.42
Downside Intraday Target 66.28
Upside Intraday Target 69.92
Upside Intraday Target 71.28
Upside Intraday Target 68.78

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 68.55 69.00 70.15 67.65 0.109 times
20 Fri May 2022 69.15 68.65 73.55 66.10 0.235 times
13 Fri May 2022 68.95 77.00 77.85 64.60 0.938 times
06 Fri May 2022 78.15 78.20 85.00 75.00 1.595 times
29 Fri Apr 2022 79.80 76.15 86.25 74.70 2.763 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
23 Mon May 2022 68.55 78.20 85.00 64.60 1.713 times
29 Fri Apr 2022 79.80 66.90 86.25 66.45 1.911 times
31 Thu Mar 2022 65.65 64.25 72.60 59.85 0.482 times
28 Mon Feb 2022 66.95 80.90 85.90 60.25 0.572 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Indo Rama (IndoRama)

Indicator Name Indicator Value Indicator Signal
ADX 19, 21, 4 Sell
MACD -2, -1Sell
Stochastics 28Sell
CCI -32Buy
RSI 52Buy
OBV -467738Sell
VWAP 69Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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 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 in or above the red cloud Prices appear to be coming down

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 and the buying is gaining 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 68.88 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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