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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 4100

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 51.60 52.25 52.30 50.50 3.168 times
02 Thu Feb 2023 52.55 53.00 53.05 51.05 1.252 times
01 Wed Feb 2023 52.75 54.50 54.80 52.65 0.341 times
31 Tue Jan 2023 54.00 53.15 54.65 52.75 1.435 times
30 Mon Jan 2023 52.85 52.90 53.70 52.35 1.177 times
27 Fri Jan 2023 53.15 54.95 54.95 52.90 1.04 times
25 Wed Jan 2023 54.25 55.30 55.30 53.15 1.082 times
24 Tue Jan 2023 54.45 54.70 55.10 54.10 1.466 times
23 Mon Jan 2023 54.90 55.75 55.75 54.60 0.54 times
20 Fri Jan 2023 54.95 56.50 56.50 54.80 1.072 times

Stock of Indo Rama (IndoRama) has showed a significant fall. This could be a good time to exit from this stock.

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 50.8, for a target of 53.3 or 55.4

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 50.50
Upside Target 52.15
Upside Target 56.10
Upside Target 57.05
Upside Target 58.55
Upside Target 58.95
Upside Target 61.10
Upside Target 61.40
Upside Target 63.00
Upside Target 68.90

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 49.8
Downside Intraday Target 48
Upside Intraday Target 54.1
Upside Intraday Target 56.6
Upside Intraday Target 52.3

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 51.60 52.90 54.80 50.50 1.786 times
27 Fri Jan 2023 53.15 55.75 55.75 52.90 0.358 times
20 Fri Jan 2023 54.95 57.90 58.55 54.80 1.589 times
13 Fri Jan 2023 56.55 58.85 58.95 56.10 0.766 times
06 Fri Jan 2023 57.85 60.25 61.40 57.05 0.398 times

Price has moved down 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 Feb 2023 51.60 54.50 54.80 50.50 0.136 times
31 Tue Jan 2023 54.00 60.25 61.40 52.35 0.222 times
30 Fri Dec 2022 59.50 54.65 68.90 53.85 3.596 times
30 Wed Nov 2022 54.35 59.70 61.10 52.15 0.922 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 12, 28, 42 Sell
MACD -3, -2Sell
Stochastics 17Sell
CCI -158Sell
RSI 60Buy
OBV -58416Sell
VWAP 53Sell
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 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

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 getting stronger in this stock.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 53.23 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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