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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 17212

Date Daily Closing Price Open High Low Volume
19 Fri Aug 2022 62.55 62.60 64.00 61.50 1.57 times
18 Thu Aug 2022 62.60 63.25 63.25 61.60 0.294 times
17 Wed Aug 2022 62.30 62.55 63.35 61.90 1.285 times
16 Tue Aug 2022 62.35 59.05 62.75 57.75 1.385 times
12 Fri Aug 2022 58.30 59.55 60.40 57.95 0.875 times
11 Thu Aug 2022 59.00 62.50 62.50 58.80 1.174 times
10 Wed Aug 2022 60.55 62.00 62.00 60.00 0.863 times
08 Mon Aug 2022 60.70 62.00 62.05 60.50 0.633 times
05 Fri Aug 2022 62.00 62.00 62.70 61.15 2.519 times
04 Thu Aug 2022 62.05 61.90 62.70 61.05 0.756 times

My analysis of stock is bullish for shortterm, and stock might move up till 63.9 or till 66. Use a stoploss of 62.26 and if this stock hits its stoploss, then it can fall down till 60.57

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.75
Downside Target 60.40
Upside Target 64.00
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 58.87
Downside Intraday Target 55.18
Upside Intraday Target 65.12
Upside Intraday Target 67.68
Downside Intraday Target 61.43

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
19 Fri Aug 2022 62.55 59.05 64.00 57.75 1.279 times
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

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
19 Fri Aug 2022 62.55 63.15 64.00 57.75 0.868 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 18, 16, 5 Buy
MACD -2, -2Buy
Stochastics 82Buy
CCI 92Buy
RSI 56Buy
OBV -200491Sell
VWAP 61Buy
ADL 0Sell
ROC 2Buy
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 BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 61.39 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 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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Daily charts

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Daily chart

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