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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 2022-11-03 View latest technical analysis

10 day averaged volume of Indo Rama is 12816

Date Daily Closing Price Open High Low Volume
03 Thu Nov 2022 56.70 55.15 57.00 55.15 0.565 times
02 Wed Nov 2022 56.35 56.50 57.00 55.00 3.904 times
01 Tue Nov 2022 60.10 59.70 61.10 59.40 0.376 times
31 Mon Oct 2022 59.10 59.05 61.65 58.35 0.72 times
28 Fri Oct 2022 58.50 57.30 59.25 57.30 0.759 times
27 Thu Oct 2022 58.45 57.85 58.70 57.25 0.324 times
25 Tue Oct 2022 57.55 59.40 60.15 57.10 0.162 times
24 Mon Oct 2022 58.95 60.90 60.90 56.95 0.497 times
21 Fri Oct 2022 58.00 58.75 60.00 57.10 1.285 times
20 Thu Oct 2022 58.90 58.25 59.85 58.10 0.688 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.3, but if it comes above 57.3, then a intra day buy could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 56.1 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 58.29 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 55.00
Upside Target 58.35
Upside Target 59.70
Upside Target 60.90
Upside Target 61.10
Upside Target 61.65
Upside Target 63.00
Upside Target 64.00
Upside Target 64.70
Upside Target 69.70

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 53.92
Downside Intraday Target 51.13
Upside Intraday Target 60.57
Upside Intraday Target 64.43
Upside Intraday Target 57.78

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
03 Thu Nov 2022 56.70 59.05 61.65 55.00 3.195 times
28 Fri Oct 2022 58.50 60.90 60.90 56.95 0.202 times
21 Fri Oct 2022 58.00 56.05 63.00 56.05 3.487 times
14 Fri Oct 2022 57.20 57.65 59.70 57.00 1.472 times
07 Fri Oct 2022 57.70 57.30 60.00 55.50 0.66 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indo Rama (IndoRama)

Date Monthly Closing Price Open High Low Volume
03 Thu Nov 2022 56.70 59.70 61.10 55.00 0.318 times
31 Mon Oct 2022 59.10 57.30 63.00 55.50 0.802 times
30 Fri Sep 2022 56.80 62.25 64.70 55.55 0.667 times
30 Tue Aug 2022 62.55 63.15 64.00 56.50 1.439 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)

Indicator Name Indicator Value Indicator Signal
ADX 17, 20, 8 Sell
MACD -1, -1Sell
Stochastics 34None
CCI -151Buy
RSI 40Sell
OBV 14518Sell
VWAP 58Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

Price action analysis of Indo Rama ( (IndoRama) ) based on a mid to longer term time period is

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 57.56 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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