(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 2022-11-04 View latest technical analysis
10 day averaged volume of Indo Rama is 11893
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Fri Nov 2022 | 56.20 | 56.45 | 56.75 | 55.35 | 0.993 times |
| 03 Thu Nov 2022 | 56.70 | 55.15 | 57.00 | 55.15 | 0.609 times |
| 02 Wed Nov 2022 | 56.35 | 56.50 | 57.00 | 55.00 | 4.207 times |
| 01 Tue Nov 2022 | 60.10 | 59.70 | 61.10 | 59.40 | 0.405 times |
| 31 Mon Oct 2022 | 59.10 | 59.05 | 61.65 | 58.35 | 0.776 times |
| 28 Fri Oct 2022 | 58.50 | 57.30 | 59.25 | 57.30 | 0.818 times |
| 27 Thu Oct 2022 | 58.45 | 57.85 | 58.70 | 57.25 | 0.35 times |
| 25 Tue Oct 2022 | 57.55 | 59.40 | 60.15 | 57.10 | 0.174 times |
| 24 Mon Oct 2022 | 58.95 | 60.90 | 60.90 | 56.95 | 0.535 times |
| 21 Fri Oct 2022 | 58.00 | 58.75 | 60.00 | 57.10 | 1.385 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 55.8, for a target of 57.1 or 58.2
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 | 53.58 |
| Downside Intraday Target | 50.97 |
| Upside Intraday Target | 60.23 |
| Upside Intraday Target | 64.27 |
| Upside Intraday Target | 57.62 |
Weekly technical analysis of Indo Rama (IndoRama)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Fri Nov 2022 | 56.20 | 59.05 | 61.65 | 55.00 | 3.724 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 |
| 04 Fri Nov 2022 | 56.20 | 59.70 | 61.10 | 55.00 | 0.378 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 | 16, 19, 8 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 20 | Sell |
| CCI | -115 | Sell |
| RSI | 41 | Sell |
| OBV | 8560 | Sell |
| VWAP | 57 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 to mid term time period is
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 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 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 SELL signal in short term but selling 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 57.33 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.
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