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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 2022-05-13 View latest technical analysis

10 day averaged volume of Indo Rama is 326152

Date Daily Closing Price Open High Low Volume
13 Fri May 2022 68.95 67.90 71.65 67.90 0.315 times
12 Thu May 2022 66.65 66.00 68.30 64.60 0.574 times
11 Wed May 2022 67.70 70.20 73.30 65.55 1.556 times
10 Tue May 2022 71.20 77.85 77.85 70.20 0.97 times
09 Mon May 2022 74.85 77.00 77.30 73.85 0.679 times
06 Fri May 2022 78.15 78.00 79.50 76.60 0.908 times
05 Thu May 2022 81.55 78.35 84.80 77.75 2.33 times
04 Wed May 2022 77.30 75.00 85.00 75.00 0.75 times
02 Mon May 2022 77.75 78.20 78.60 75.40 0.375 times
29 Fri Apr 2022 79.80 81.40 85.00 78.10 1.383 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71.7, but if it comes above 71.7, then a intra day buy could be more profitable.
If you take a sell trade below 71.7, then use 71.7 as stoploss and 66.4 as target. However if you take a buy trade in stock , then use 71.7 as stoploss and 76.02 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.65
Downside Target 59.85
Downside Target 64.60
Downside Target 66.45
Upside Target 71.00
Upside Target 72.60
Upside Target 77.85
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 63.08
Downside Intraday Target 57.22
Upside Intraday Target 76.33
Upside Intraday Target 83.72
Upside Intraday Target 70.47

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
13 Fri May 2022 68.95 77.00 77.85 64.60 0.938 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
13 Fri May 2022 68.95 78.20 85.00 64.60 1.521 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Indo Rama (IndoRama)

Indicator Name Indicator Value Indicator Signal
ADX 21, 24, 6 Sell
MACD -1, 1Sell
Stochastics 14Sell
CCI -83Buy
RSI 53Buy
OBV -534204Sell
VWAP 76Sell
ADL 0Sell
ROC -13Sell
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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Indo Rama in short term and the sell signal is strong.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 75.58 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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