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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 6450

Date Daily Closing Price Open High Low Volume
07 Fri Oct 2022 57.70 58.20 58.90 55.65 0.467 times
06 Thu Oct 2022 58.20 56.85 58.55 56.85 1.064 times
04 Tue Oct 2022 58.05 60.00 60.00 56.60 0.901 times
03 Mon Oct 2022 55.50 57.30 57.45 55.50 0.907 times
30 Fri Sep 2022 56.80 56.45 57.50 55.85 1.681 times
29 Thu Sep 2022 56.35 58.00 58.85 55.55 1.237 times
28 Wed Sep 2022 57.15 56.40 58.75 56.35 0.761 times
27 Tue Sep 2022 56.45 57.85 59.00 55.90 0.458 times
26 Mon Sep 2022 57.30 62.55 62.55 57.05 0.918 times
23 Fri Sep 2022 59.85 61.10 62.00 59.40 1.532 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 57.1 as stoploss in an intra day buy trade for a target of 59. However, stock will show a bearish move below 57.1.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 55.50
Upside Target 58.35
Upside Target 60.00
Upside Target 62.00
Upside Target 62.55
Upside Target 63.00
Upside Target 64.00
Upside Target 64.70
Upside Target 69.70
Upside Target 73.50

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 55.47
Downside Intraday Target 53.23
Upside Intraday Target 59.97
Upside Intraday Target 62.23
Upside Intraday Target 57.73

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
07 Fri Oct 2022 57.70 57.30 60.00 55.50 0.66 times
30 Fri Sep 2022 56.80 62.55 62.55 55.55 0.723 times
23 Fri Sep 2022 59.85 60.90 62.00 59.10 0.581 times
16 Fri Sep 2022 60.50 62.70 63.00 59.25 1.388 times
09 Fri Sep 2022 61.90 62.05 64.70 60.00 0.895 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
07 Fri Oct 2022 57.70 57.30 60.00 55.50 0.088 times
30 Fri Sep 2022 56.80 62.25 64.70 55.55 0.667 times
30 Tue Aug 2022 62.55 63.15 64.00 56.50 1.439 times
29 Fri Jul 2022 62.55 58.35 69.70 58.35 0.845 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)

Indicator Name Indicator Value Indicator Signal
ADX 13, 20, 19 Sell
MACD -2, -2Buy
Stochastics 35None
CCI -22Sell
RSI 49Sell
OBV -76717Sell
VWAP 57Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short 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.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short 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.

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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term but the buy signal is initial and weak.

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

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 57.46 and Indo Rama (IndoRama) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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