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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 2023-01-19 View latest technical analysis

10 day averaged volume of Indo Rama is 8668

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Jan 2023	56.20	56.65	56.65	55.10	0.281 times
18 Wed Jan 2023	56.90	56.45	58.55	56.25	2.334 times
17 Tue Jan 2023	56.25	56.30	56.80	55.00	1.485 times
16 Mon Jan 2023	56.60	57.90	57.90	56.35	0.854 times
13 Fri Jan 2023	56.55	57.50	58.65	56.10	1.998 times
12 Thu Jan 2023	58.50	58.90	58.90	57.85	0.323 times
11 Wed Jan 2023	58.50	57.60	58.90	57.25	0.176 times
10 Tue Jan 2023	57.85	57.10	58.50	56.90	0.54 times
09 Mon Jan 2023	57.25	58.85	58.95	57.00	0.399 times
06 Fri Jan 2023	57.85	60.50	60.50	57.05	1.405 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.4, but if it comes above 56.4, then a intra day buy could be more profitable.
If you take a sell trade below 56.4, then use 56.4 as stoploss and 54.5 as target. However if you take a buy trade in stock , then use 56.4 as stoploss and 57.93 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	58.55
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	54.62
Downside Intraday Target	53.03
Upside Intraday Target	58.17
Upside Intraday Target	60.13
Upside Intraday Target	56.58

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Jan 2023	56.20	57.90	58.55	55.00	1.442 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
19 Thu Jan 2023	56.20	60.25	61.40	55.00	0.172 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 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 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 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 Weak 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 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 negative zone. This is the SELL 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 56.97 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.