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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 2022-05-04 View latest technical analysis

10 day averaged volume of Indo Rama is 120804

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 77.30 75.00 85.00 75.00 2.026 times
02 Mon May 2022 77.75 78.20 78.60 75.40 1.012 times
29 Fri Apr 2022 79.80 81.40 85.00 78.10 3.734 times
28 Thu Apr 2022 78.90 85.90 86.25 77.75 1.28 times
27 Wed Apr 2022 83.80 76.00 84.70 76.00 1.558 times
26 Tue Apr 2022 77.05 77.45 77.60 75.30 0.533 times
25 Mon Apr 2022 75.30 76.15 77.30 74.70 0.281 times
22 Fri Apr 2022 78.15 75.50 79.30 75.50 0.268 times
21 Thu Apr 2022 76.05 75.95 77.30 75.55 0.185 times
20 Wed Apr 2022 75.70 74.80 77.25 74.80 0.452 times

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

My analysis of stock is bullish for shortterm, and stock might move up till 79.3 or till 82.3. Use a stoploss of 76.87 and if this stock hits its stoploss, then it can fall down till 74.41

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.65
Downside Target 59.85
Downside Target 66.45
Downside Target 71.00
Upside Target 79.45
Upside Target 83.60
Upside Target 85.00
Upside Target 85.90
Upside Target 86.25
Upside Target 90.25

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 73.2
Downside Intraday Target 69.1
Upside Intraday Target 83.2
Upside Intraday Target 89.1
Upside Intraday Target 79.1

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 77.30 78.20 85.00 75.00 0.411 times
29 Fri Apr 2022 79.80 76.15 86.25 74.70 2.763 times
22 Fri Apr 2022 78.15 82.40 83.60 71.00 1.768 times
13 Wed Apr 2022 79.05 79.00 80.30 73.65 0.597 times
08 Fri Apr 2022 77.40 77.80 79.45 72.40 0.93 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
04 Wed May 2022 77.30 78.20 85.00 75.00 0.202 times
29 Fri Apr 2022 79.80 66.90 86.25 66.45 1.911 times
31 Thu Mar 2022 65.65 64.25 72.60 59.85 0.482 times
28 Mon Feb 2022 66.95 80.90 85.90 60.25 0.572 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 33, 13, 42 Buy
MACD 4, 4Sell
Stochastics 41None
CCI 31Buy
RSI 55Buy
OBV 224275Sell
VWAP 79Sell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short 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 short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short to mid 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indo Rama stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Indo Rama in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining 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 79.11 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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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