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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 2023-01-17 View latest technical analysis

10 day averaged volume of Indo Rama is 6680

Date Daily Closing Price Open High Low Volume
17 Tue Jan 2023 56.25 56.30 56.80 55.00 1.927 times
16 Mon Jan 2023 56.60 57.90 57.90 56.35 1.109 times
13 Fri Jan 2023 56.55 57.50 58.65 56.10 2.592 times
12 Thu Jan 2023 58.50 58.90 58.90 57.85 0.419 times
11 Wed Jan 2023 58.50 57.60 58.90 57.25 0.228 times
10 Tue Jan 2023 57.85 57.10 58.50 56.90 0.701 times
09 Mon Jan 2023 57.25 58.85 58.95 57.00 0.518 times
06 Fri Jan 2023 57.85 60.50 60.50 57.05 1.823 times
05 Thu Jan 2023 59.35 60.10 60.10 58.55 0.631 times
04 Wed Jan 2023 60.10 59.95 60.40 59.35 1.164 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.6, but if it comes above 56.6, then a intra day buy could be more profitable.
If you take a sell trade below 56.6, then use 56.6 as stoploss and 54.7 as target. However if you take a buy trade in stock , then use 56.6 as stoploss and 58.1 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 52.15
Downside Target 53.85
Downside Target 55.00
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 54.87
Downside Intraday Target 53.48
Upside Intraday Target 57.77
Upside Intraday Target 59.28
Upside Intraday Target 56.38

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
17 Tue Jan 2023 56.25 57.90 57.90 55.00 0.681 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 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 Tue Jan 2023 56.25 60.25 61.40 55.00 0.137 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong 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 and the buying is gaining 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 57.48 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.

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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong 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 and the buying is gaining 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 57.48 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.

Click here for Indo Rama charts

Click here for further forecast and predictions for tomorrow

Daily charts

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