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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 6195

Date Daily Closing Price Open High Low Volume
29 Tue Nov 2022 54.15 54.60 54.70 53.70 0.548 times
28 Mon Nov 2022 53.90 52.15 54.30 52.15 1.271 times
25 Fri Nov 2022 53.50 52.20 53.90 52.20 0.692 times
24 Thu Nov 2022 52.70 52.75 54.35 52.50 1.644 times
23 Wed Nov 2022 53.65 53.70 54.35 53.20 0.978 times
22 Tue Nov 2022 53.95 53.00 54.95 52.50 1.446 times
21 Mon Nov 2022 53.25 53.10 54.75 53.00 1.506 times
18 Fri Nov 2022 54.00 54.60 54.95 53.85 0.813 times
17 Thu Nov 2022 54.40 55.05 55.50 54.25 0.612 times
16 Wed Nov 2022 54.90 55.00 56.00 54.10 0.572 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 53.5 as stoploss in an intra day buy trade for a target of 55.09. However, stock will show a bearish move below 53.5.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 52.15
Downside Target 53.85
Upside Target 56.50
Upside Target 57.85
Upside Target 58.35
Upside Target 61.10
Upside Target 61.65
Upside Target 63.00
Upside Target 64.00
Upside Target 64.70
Upside Target 69.70

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 52.63
Downside Intraday Target 51.12
Upside Intraday Target 55.18
Upside Intraday Target 56.22
Downside Intraday Target 53.67

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
29 Tue Nov 2022 54.15 52.15 54.70 52.15 0.29 times
25 Fri Nov 2022 53.50 53.10 54.95 52.20 2.307 times
18 Fri Nov 2022 54.00 55.05 56.05 53.85 0.508 times
11 Fri Nov 2022 55.40 55.10 57.85 55.10 0.399 times
04 Fri Nov 2022 56.20 59.05 61.65 55.00 3.724 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
29 Tue Nov 2022 54.15 59.70 61.10 52.15 0.89 times
31 Mon Oct 2022 59.10 57.30 63.00 55.50 0.802 times
30 Fri Sep 2022 56.80 62.25 64.70 55.55 0.667 times
30 Tue Aug 2022 62.55 63.15 64.00 56.50 1.439 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, 18, 19 Sell
MACD -2, -2Buy
Stochastics 44None
CCI 35Buy
RSI 50Buy
OBV -72721Sell
VWAP 54Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing 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 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 below the red cloud Prices appear to be moving up

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 but buying is losing 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 53.67 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 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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