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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 20394

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 58.30 59.55 60.40 57.95 0.738 times
11 Thu Aug 2022 59.00 62.50 62.50 58.80 0.991 times
10 Wed Aug 2022 60.55 62.00 62.00 60.00 0.728 times
08 Mon Aug 2022 60.70 62.00 62.05 60.50 0.534 times
05 Fri Aug 2022 62.00 62.00 62.70 61.15 2.126 times
04 Thu Aug 2022 62.05 61.90 62.70 61.05 0.638 times
03 Wed Aug 2022 61.50 60.50 62.30 60.50 0.184 times
02 Tue Aug 2022 61.50 62.45 63.10 60.85 0.785 times
01 Mon Aug 2022 62.70 63.15 63.40 60.90 0.243 times
30 Sat Jul 2022 62.55 63.30 64.60 62.50 1.195 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 58.4, for a target of 60.7 or 62.59

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.95
Upside Target 60.40
Upside Target 63.40
Upside Target 65.40
Upside Target 66.45
Upside Target 69.70
Upside Target 73.50
Upside Target 85.00
Upside Target 86.25

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 56.67
Downside Intraday Target 55.03
Upside Intraday Target 61.22
Upside Intraday Target 64.13
Upside Intraday Target 59.58

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 58.30 62.00 62.50 57.95 0.752 times
05 Fri Aug 2022 62.00 63.15 63.40 60.50 0.601 times
30 Sat Jul 2022 62.55 62.70 65.40 62.25 2.51 times
22 Fri Jul 2022 62.70 63.25 69.70 60.40 1.431 times
15 Fri Jul 2022 62.25 66.15 66.45 62.05 1.638 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
12 Fri Aug 2022 58.30 63.15 63.40 57.95 0.56 times
30 Sat Jul 2022 62.55 58.35 69.70 58.35 0.845 times
30 Thu Jun 2022 62.10 68.90 73.50 59.00 0.092 times
31 Tue May 2022 68.25 78.20 85.00 61.10 1.796 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)

Indicator Name Indicator Value Indicator Signal
ADX 9, 24, 44 Sell
MACD -3, -2Sell
Stochastics 7Sell
CCI -183Sell
RSI 45Sell
OBV -187424Sell
VWAP 61Sell
ADL 0Sell
ROC -9Sell
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 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 gaining 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 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 61.13 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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