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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 2022-05-09 View latest technical analysis

10 day averaged volume of Indo Rama is 234766

Date Daily Closing Price Open High Low Volume
09 Mon May 2022 74.85 77.00 77.30 73.85 0.944 times
06 Fri May 2022 78.15 78.00 79.50 76.60 1.262 times
05 Thu May 2022 81.55 78.35 84.80 77.75 3.237 times
04 Wed May 2022 77.30 75.00 85.00 75.00 1.043 times
02 Mon May 2022 77.75 78.20 78.60 75.40 0.521 times
29 Fri Apr 2022 79.80 81.40 85.00 78.10 1.922 times
28 Thu Apr 2022 78.90 85.90 86.25 77.75 0.658 times
27 Wed Apr 2022 83.80 76.00 84.70 76.00 0.802 times
26 Tue Apr 2022 77.05 77.45 77.60 75.30 0.274 times
25 Mon Apr 2022 75.30 76.15 77.30 74.70 0.144 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 74.8 as stoploss in an intra day buy trade for a target of 77.37. However, stock will show a bearish move below 74.8.

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
Downside Target 72.60
Upside Target 77.30
Upside Target 80.30
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 73.37
Downside Intraday Target 71.88
Upside Intraday Target 76.82
Upside Intraday Target 78.78
Upside Intraday Target 75.33

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
09 Mon May 2022 74.85 77.00 77.30 73.85 0.156 times
06 Fri May 2022 78.15 78.20 85.00 75.00 1.595 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

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
09 Mon May 2022 74.85 78.20 85.00 73.85 0.907 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 24, 17, 17 Buy
MACD 3, 4Sell
Stochastics 32None
CCI -108Sell
RSI 54Buy
OBV 341540Sell
VWAP 79Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short 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 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 to mid term time period is

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 Weak and stock is losing 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 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 BUY signal in short term but buying is losing 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 79.47 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 positive

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

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Daily charts

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Daily chart

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