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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)

10 day averaged volume of Indo Rama is 13322

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	43.02	44.01	44.09	43.00	0.542 times
03 Fri May 2024	44.51	45.43	45.43	44.15	0.592 times
02 Thu May 2024	44.64	45.50	45.70	44.40	1.619 times
30 Tue Apr 2024	45.42	44.65	45.72	44.65	1.082 times
29 Mon Apr 2024	45.54	46.29	46.29	45.10	0.542 times
26 Fri Apr 2024	45.38	45.99	46.55	45.15	1.796 times
25 Thu Apr 2024	45.15	45.25	45.70	45.01	0.152 times
24 Wed Apr 2024	45.27	46.44	46.44	45.00	1.325 times
23 Tue Apr 2024	45.74	45.48	46.30	45.20	0.608 times
22 Mon Apr 2024	44.75	45.02	45.70	44.58	1.472 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 43.4, for a target of 44.2 or 44.9

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.50
Downside Target	39.50
Downside Target	42.64
Upside Target	44.09
Upside Target	45.70
Upside Target	47.39
Upside Target	49.55
Upside Target	51.60
Upside Target	52.83
Upside Target	66.00
Upside Target	67.03

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	42.65
Downside Intraday Target	42.28
Upside Intraday Target	43.74
Upside Intraday Target	44.46
Upside Intraday Target	43.37

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	43.02	44.01	44.09	43.00	0.141 times
03 Fri May 2024	44.51	46.29	46.29	44.15	0.717 times
26 Fri Apr 2024	45.38	45.02	46.55	44.58	0.437 times
19 Fri Apr 2024	44.14	43.00	46.90	42.64	1.053 times
12 Fri Apr 2024	45.26	47.00	47.39	43.05	0.657 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
06 Mon May 2024	43.02	45.50	45.70	43.00	0.057 times
30 Tue Apr 2024	45.42	39.71	47.39	39.50	0.679 times
28 Thu Mar 2024	38.93	52.83	52.83	37.50	0.796 times
29 Thu Feb 2024	51.79	66.00	66.00	49.55	0.875 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)

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 44.99 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.