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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 2023-01-16 View latest technical analysis

10 day averaged volume of Indo Rama is 6868

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	56.60	57.90	57.90	56.35	1.078 times
13 Fri Jan 2023	56.55	57.50	58.65	56.10	2.521 times
12 Thu Jan 2023	58.50	58.90	58.90	57.85	0.408 times
11 Wed Jan 2023	58.50	57.60	58.90	57.25	0.222 times
10 Tue Jan 2023	57.85	57.10	58.50	56.90	0.682 times
09 Mon Jan 2023	57.25	58.85	58.95	57.00	0.504 times
06 Fri Jan 2023	57.85	60.50	60.50	57.05	1.773 times
05 Thu Jan 2023	59.35	60.10	60.10	58.55	0.613 times
04 Wed Jan 2023	60.10	59.95	60.40	59.35	1.132 times
03 Tue Jan 2023	60.25	60.15	61.40	59.90	0.793 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 56.4 as stoploss in an intra day buy trade for a target of 58.56. However, stock will show a bearish move below 56.4.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	52.15
Downside Target	53.85
Downside Target	55.45
Upside Target	61.10
Upside Target	61.40
Upside Target	61.95
Upside Target	63.00
Upside Target	64.70
Upside Target	68.90

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	56
Downside Intraday Target	55.4
Upside Intraday Target	57.55
Upside Intraday Target	58.5
Upside Intraday Target	56.95

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	56.60	57.90	57.90	56.35	0.249 times
13 Fri Jan 2023	56.55	58.85	58.95	56.10	0.766 times
06 Fri Jan 2023	57.85	60.25	61.40	57.05	0.398 times
30 Fri Dec 2022	59.50	55.55	61.95	55.45	0.536 times
23 Fri Dec 2022	54.75	61.10	68.90	53.85	0.613 times

Price has moved up 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
16 Mon Jan 2023	56.60	60.25	61.40	56.10	0.117 times
30 Fri Dec 2022	59.50	54.65	68.90	53.85	3.596 times
30 Wed Nov 2022	54.35	59.70	61.10	52.15	0.919 times
31 Mon Oct 2022	59.10	57.30	63.00	55.50	0.804 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 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 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 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 moving up

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 57.94 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.