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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)

Showing technical analysis as on 2021-10-20 View latest technical analysis

10 day averaged volume of Indo Rama is 10685

Date Daily Closing Price Open High Low Volume
20 Wed Oct 2021 49.60 51.20 51.90 47.50 0.914 times
19 Tue Oct 2021 51.20 50.60 52.45 49.55 1.216 times
18 Mon Oct 2021 51.30 52.90 53.15 51.10 0.642 times
14 Thu Oct 2021 51.90 52.10 52.90 50.70 1.309 times
13 Wed Oct 2021 51.60 52.60 53.25 51.15 1.042 times
12 Tue Oct 2021 52.40 52.60 52.90 52.00 1.184 times
11 Mon Oct 2021 52.15 52.65 53.00 51.35 0.903 times
08 Fri Oct 2021 52.30 51.80 53.70 51.70 1.356 times
07 Thu Oct 2021 51.80 52.50 52.50 51.00 0.439 times
06 Wed Oct 2021 51.45 52.35 52.35 50.70 1.182 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50, but if it comes above 50, then a intra day buy could be more profitable.
If you take a sell trade below 50, then use 50 as stoploss and 48.8 as target. However if you take a buy trade in stock , then use 50 as stoploss and 50.98 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 46.30
Upside Target 50.70
Upside Target 53.15
Upside Target 53.25
Upside Target 53.70
Upside Target 53.90
Upside Target 57.15
Upside Target 58.10
Upside Target 58.75
Upside Target 62.45

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 47.02
Downside Intraday Target 44.43
Upside Intraday Target 52.67
Upside Intraday Target 55.73
Upside Intraday Target 50.08

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
20 Wed Oct 2021 49.60 52.90 53.15 47.50 0.625 times
14 Thu Oct 2021 51.90 52.65 53.25 50.70 0.982 times
08 Fri Oct 2021 52.30 53.00 53.70 50.70 1.471 times
01 Fri Oct 2021 50.50 50.90 51.05 49.00 0.777 times
24 Fri Sep 2021 49.95 53.55 53.90 48.50 0.426 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
20 Wed Oct 2021 49.60 49.10 53.70 47.50 0.538 times
30 Thu Sep 2021 50.00 46.60 57.15 46.60 1.102 times
31 Tue Aug 2021 47.80 53.90 58.75 46.30 0.329 times
30 Fri Jul 2021 51.80 48.10 62.45 48.10 1.324 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, 25, 44 Sell
MACD -0, -0Sell
Stochastics 31None
CCI -238Sell
RSI 47Sell
OBV -23401Sell
VWAP 52Sell
ADL 0Sell
ROC -5Sell
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 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 and selling is picking up 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 51.62 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.

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Daily charts

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Daily chart

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