(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 2022-05-16 View latest technical analysis
10 day averaged volume of Indo Rama is 320966
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Mon May 2022 | 70.05 | 68.65 | 71.55 | 68.65 | 0.271 times |
| 13 Fri May 2022 | 68.95 | 67.90 | 71.65 | 67.90 | 0.32 times |
| 12 Thu May 2022 | 66.65 | 66.00 | 68.30 | 64.60 | 0.583 times |
| 11 Wed May 2022 | 67.70 | 70.20 | 73.30 | 65.55 | 1.582 times |
| 10 Tue May 2022 | 71.20 | 77.85 | 77.85 | 70.20 | 0.986 times |
| 09 Mon May 2022 | 74.85 | 77.00 | 77.30 | 73.85 | 0.69 times |
| 06 Fri May 2022 | 78.15 | 78.00 | 79.50 | 76.60 | 0.923 times |
| 05 Thu May 2022 | 81.55 | 78.35 | 84.80 | 77.75 | 2.367 times |
| 04 Wed May 2022 | 77.30 | 75.00 | 85.00 | 75.00 | 0.763 times |
| 02 Mon May 2022 | 77.75 | 78.20 | 78.60 | 75.40 | 0.381 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71.1, but if it comes above 71.1, then a intra day buy could be more profitable.
If you take a sell trade below 71.1, then use 71.1 as stoploss and 65.7 as target. However if you take a buy trade in stock , then use 71.1 as stoploss and 75.57 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 |
| Downside Target | 68.65 |
| Upside Target | 71.00 |
| Upside Target | 74.70 |
| Upside Target | 77.85 |
| 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 | 68.62 |
| Downside Intraday Target | 67.18 |
| Upside Intraday Target | 71.52 |
| Upside Intraday Target | 72.98 |
| Upside Intraday Target | 70.08 |
Weekly technical analysis of Indo Rama (IndoRama)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Mon May 2022 | 70.05 | 68.65 | 71.55 | 68.65 | 0.065 times |
| 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 |
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 |
| 16 Mon May 2022 | 70.05 | 78.20 | 85.00 | 64.60 | 1.569 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 | 20, 22, 6 | Sell |
| MACD | -1, 1 | Sell |
| Stochastics | 19 | Sell |
| CCI | -59 | Buy |
| RSI | 51 | Buy |
| OBV | -417572 | Sell |
| VWAP | 75 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | Sell |
| Force Index | 0 | Sell |
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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Weak and stock is gaining 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
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 74.74 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.
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