(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 2022-05-17 View latest technical analysis
10 day averaged volume of Indo Rama is 284561
|Date||Daily Closing Price||Open||High||Low||Volume|
|17 Tue May 2022||71.45||70.55||72.65||69.40||0.266 times|
|16 Mon May 2022||70.05||68.65||71.55||68.65||0.306 times|
|13 Fri May 2022||68.95||67.90||71.65||67.90||0.361 times|
|12 Thu May 2022||66.65||66.00||68.30||64.60||0.658 times|
|11 Wed May 2022||67.70||70.20||73.30||65.55||1.784 times|
|10 Tue May 2022||71.20||77.85||77.85||70.20||1.112 times|
|09 Mon May 2022||74.85||77.00||77.30||73.85||0.779 times|
|06 Fri May 2022||78.15||78.00||79.50||76.60||1.041 times|
|05 Thu May 2022||81.55||78.35||84.80||77.75||2.67 times|
|04 Wed May 2022||77.30||75.00||85.00||75.00||0.86 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 70.7 as stoploss in an intra day buy trade for a target of 75.22. However, stock will show a bearish move below 70.7.
Share price targets for Indo Rama (IndoRama)
Intraday share price targets for Indo Rama (IndoRama)
|Downside Intraday Target||69.18|
|Downside Intraday Target||66.92|
|Upside Intraday Target||73.18|
|Upside Intraday Target||74.92|
|Downside Intraday Target||70.92|
Weekly technical analysis of Indo Rama (IndoRama)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|17 Tue May 2022||71.45||68.65||72.65||68.65||0.122 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|
|17 Tue May 2022||71.45||78.20||85.00||64.60||1.611 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, 21, 0||Sell|
Price action analysis of Indo Rama ( (IndoRama) ) based on a short 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.
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 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 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 SELL signal in short term and selling is picking up 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 74.52 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.