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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 2022-05-27 View latest technical analysis

10 day averaged volume of Indo Rama is 52629

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 68.20 75.40 75.40 66.70 0.426 times
26 Thu May 2022 64.95 61.10 65.90 61.10 0.488 times
25 Wed May 2022 62.90 66.35 66.75 62.40 0.604 times
24 Tue May 2022 65.75 68.25 69.15 64.75 0.355 times
23 Mon May 2022 68.55 69.00 70.15 67.65 0.647 times
20 Fri May 2022 69.15 66.10 69.40 66.10 0.381 times
19 Thu May 2022 67.50 69.50 69.50 66.40 0.947 times
18 Wed May 2022 69.55 71.55 73.55 68.80 1.535 times
17 Tue May 2022 71.45 70.55 72.65 69.40 1.437 times
16 Mon May 2022 70.05 68.65 71.55 68.65 1.654 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 65.9 as stoploss in an intra day buy trade for a target of 71.1. However, stock will show a bearish move below 65.9.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 57.65
Downside Target 59.85
Downside Target 64.60
Downside Target 66.10
Upside Target 72.60
Upside Target 77.85
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 61.07
Downside Intraday Target 53.93
Upside Intraday Target 75.37
Upside Intraday Target 82.53
Upside Intraday Target 68.23

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 68.20 69.00 75.40 61.10 0.423 times
20 Fri May 2022 69.15 68.65 73.55 66.10 0.235 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

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
27 Fri May 2022 68.20 78.20 85.00 61.10 1.767 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 29, 22, 14 Buy
MACD -4, -3Sell
Stochastics 28Sell
CCI 64Buy
RSI 51Buy
OBV -721132Sell
VWAP 69Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 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 BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 68.68 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 negative.

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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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