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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 2021-10-21 View latest technical analysis

10 day averaged volume of Indo Rama is 10885

Date Daily Closing Price Open High Low Volume
21 Thu Oct 2021 50.25 49.30 50.60 48.60 0.594 times
20 Wed Oct 2021 49.60 51.20 51.90 47.50 0.897 times
19 Tue Oct 2021 51.20 50.60 52.45 49.55 1.194 times
18 Mon Oct 2021 51.30 52.90 53.15 51.10 0.63 times
14 Thu Oct 2021 51.90 52.10 52.90 50.70 1.285 times
13 Wed Oct 2021 51.60 52.60 53.25 51.15 1.022 times
12 Tue Oct 2021 52.40 52.60 52.90 52.00 1.162 times
11 Mon Oct 2021 52.15 52.65 53.00 51.35 0.886 times
08 Fri Oct 2021 52.30 51.80 53.70 51.70 1.331 times
07 Thu Oct 2021 51.80 52.50 52.50 51.00 0.431 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 50 as stoploss in an intra day buy trade for a target of 51. However, stock will show a bearish move below 50.

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 47.45
Downside Intraday Target 44.65
Upside Intraday Target 53.1
Upside Intraday Target 55.95
Upside Intraday Target 50.3

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
21 Thu Oct 2021 50.25 52.90 53.15 47.50 0.761 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
21 Thu Oct 2021 50.25 49.10 53.70 47.50 0.565 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 up 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, 23, 43 Sell
MACD -0, -0Sell
Stochastics 39None
CCI -142Buy
RSI 46Sell
OBV -471Sell
VWAP 52Sell
ADL 0Sell
ROC -2Sell
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 51.55 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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