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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 24331

Date Daily Closing Price Open High Low Volume
03 Fri Dec 2021 51.00 47.60 51.95 47.00 1.865 times
02 Thu Dec 2021 47.25 47.90 47.90 47.05 0.3 times
01 Wed Dec 2021 47.65 49.00 49.40 46.65 0.336 times
30 Tue Nov 2021 48.10 45.75 49.05 45.75 7.213 times
29 Mon Nov 2021 44.60 45.20 46.55 43.55 0.099 times
26 Fri Nov 2021 46.90 49.45 49.45 46.55 0.372 times
25 Thu Nov 2021 48.80 46.20 49.50 46.20 0.631 times
24 Wed Nov 2021 48.00 47.85 48.05 47.00 0.178 times
23 Tue Nov 2021 47.10 45.75 47.65 45.00 0.249 times
22 Mon Nov 2021 45.30 48.10 49.00 45.05 0.223 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.9, but if it comes below 49.9, then a intra day sell could be more profitable.
If you take a sell trade below 49.9, then use 49.9 as stoploss and 48.27 as target. However if you take a buy trade in stock , then use 49.9 as stoploss and 51.9 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 43.55
Downside Target 45.00
Downside Target 46.30
Downside Target 48.35
Downside Target 49.50
Upside Target 51.90
Upside Target 51.95
Upside Target 53.00
Upside Target 53.70
Upside Target 57.15
Upside Target 58.75

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 45.72
Downside Intraday Target 40.43
Upside Intraday Target 54.12
Upside Intraday Target 57.23
Downside Intraday Target 48.83

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
03 Fri Dec 2021 51.00 45.20 51.95 43.55 5.936 times
26 Fri Nov 2021 46.90 48.10 49.50 45.00 1.161 times
18 Thu Nov 2021 47.05 48.95 49.60 47.00 0.663 times
12 Fri Nov 2021 49.40 50.10 51.90 48.50 1.324 times
04 Thu Nov 2021 49.50 52.50 53.00 48.35 0.84 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indo Rama (IndoRama)

Date Monthly Closing Price Open High Low Volume
03 Fri Dec 2021 51.00 49.00 51.95 46.65 0.177 times
30 Tue Nov 2021 48.10 52.50 53.00 43.55 1.794 times
29 Fri Oct 2021 50.45 49.10 53.70 47.10 0.794 times
30 Thu Sep 2021 50.00 46.60 57.15 46.60 1.102 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 30, 14, 36 Buy
MACD -1, -1Buy
Stochastics 73Buy
CCI 193Buy
RSI 57Buy
OBV 212112Sell
VWAP 48Buy
ADL 0Sell
ROC 8Buy
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indo Rama in short term and BUY 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

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 48.43 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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

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Daily charts

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Daily chart

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