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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 9273

Date Daily Closing Price Open High Low Volume
28 Wed Sep 2022 57.15 56.40 58.75 56.35 0.529 times
27 Tue Sep 2022 56.45 57.85 59.00 55.90 0.319 times
26 Mon Sep 2022 57.30 62.55 62.55 57.05 0.639 times
23 Fri Sep 2022 59.85 61.10 62.00 59.40 1.066 times
22 Thu Sep 2022 60.10 60.80 61.05 59.30 0.376 times
21 Wed Sep 2022 59.95 59.70 61.55 59.10 0.898 times
20 Tue Sep 2022 60.85 60.00 61.65 60.00 0.59 times
19 Mon Sep 2022 59.80 60.90 60.90 59.45 1.935 times
16 Fri Sep 2022 60.50 61.80 62.70 59.25 0.847 times
15 Thu Sep 2022 61.80 60.45 63.00 60.25 0.987 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 56.5, for a target of 58.7 or 60.59

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 55.90
Upside Target 58.35
Upside Target 62.55
Upside Target 63.00
Upside Target 63.60
Upside Target 64.00
Upside Target 64.70
Upside Target 69.70
Upside Target 73.50
Upside Target 85.00

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 54.52
Downside Intraday Target 51.88
Upside Intraday Target 61.17
Upside Intraday Target 65.18
Upside Intraday Target 58.53

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
28 Wed Sep 2022 57.15 62.55 62.55 55.90 0.306 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
02 Fri Sep 2022 61.95 56.50 63.60 56.50 0.547 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
28 Wed Sep 2022 57.15 62.25 64.70 55.90 0.616 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
30 Thu Jun 2022 62.10 68.90 73.50 59.00 0.12 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 10, 24, 40 Sell
MACD -2, -2Sell
Stochastics 10Sell
CCI -135Buy
RSI 47Sell
OBV -78291Sell
VWAP 60Sell
ADL 0Sell
ROC -4Sell
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 losing 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 moving up

CCI has generated a buy signal for Indo Rama in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 59.73 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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