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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 2022-11-17 View latest technical analysis

10 day averaged volume of Indo Rama is 11021

Date Daily Closing Price Open High Low Volume
17 Thu Nov 2022 54.40 55.05 55.50 54.25 0.344 times
16 Wed Nov 2022 54.90 55.00 56.00 54.10 0.321 times
15 Tue Nov 2022 55.00 55.05 55.40 54.40 0.262 times
14 Mon Nov 2022 55.20 55.05 56.05 55.05 0.142 times
11 Fri Nov 2022 55.40 55.65 56.30 55.30 0.594 times
10 Thu Nov 2022 55.85 55.25 56.15 55.10 0.662 times
09 Wed Nov 2022 56.05 57.00 57.00 55.65 0.895 times
07 Mon Nov 2022 56.60 55.10 57.85 55.10 0.855 times
04 Fri Nov 2022 56.20 56.45 56.75 55.35 1.071 times
03 Thu Nov 2022 56.70 55.15 57.00 55.15 0.658 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.4, but if it comes above 55.4, then a intra day buy could be more profitable.
If you take a sell trade below 55.4, then use 55.4 as stoploss and 53.4 as target. However if you take a buy trade in stock , then use 55.4 as stoploss and 57.05 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 54.10
Upside Target 58.35
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 53.65
Downside Intraday Target 52.9
Upside Intraday Target 55.6
Upside Intraday Target 56.8
Upside Intraday Target 54.85

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
17 Thu Nov 2022 54.40 55.05 56.05 54.10 0.356 times
11 Fri Nov 2022 55.40 55.10 57.85 55.10 0.399 times
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

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
17 Thu Nov 2022 54.40 59.70 61.10 54.10 0.608 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, 17, 2 Sell
MACD -2, -2Sell
Stochastics 13Sell
CCI -123Sell
RSI 52Buy
OBV -3780Sell
VWAP 56Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 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 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 and the buying is gaining 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 55.91 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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