(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 2023-02-03 View latest technical analysis
10 day averaged volume of Indo Rama is 4100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 51.60 | 52.25 | 52.30 | 50.50 | 3.168 times |
| 02 Thu Feb 2023 | 52.55 | 53.00 | 53.05 | 51.05 | 1.252 times |
| 01 Wed Feb 2023 | 52.75 | 54.50 | 54.80 | 52.65 | 0.341 times |
| 31 Tue Jan 2023 | 54.00 | 53.15 | 54.65 | 52.75 | 1.435 times |
| 30 Mon Jan 2023 | 52.85 | 52.90 | 53.70 | 52.35 | 1.177 times |
| 27 Fri Jan 2023 | 53.15 | 54.95 | 54.95 | 52.90 | 1.04 times |
| 25 Wed Jan 2023 | 54.25 | 55.30 | 55.30 | 53.15 | 1.082 times |
| 24 Tue Jan 2023 | 54.45 | 54.70 | 55.10 | 54.10 | 1.466 times |
| 23 Mon Jan 2023 | 54.90 | 55.75 | 55.75 | 54.60 | 0.54 times |
| 20 Fri Jan 2023 | 54.95 | 56.50 | 56.50 | 54.80 | 1.072 times |
Stock of Indo Rama (IndoRama) has showed a significant fall. This could be a good time to exit from this stock.
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 50.8, for a target of 53.3 or 55.4
Share price targets for Indo Rama (IndoRama)
| Target Type | Value |
| Downside Target | 50.50 |
| Upside Target | 52.15 |
| Upside Target | 56.10 |
| Upside Target | 57.05 |
| Upside Target | 58.55 |
| Upside Target | 58.95 |
| Upside Target | 61.10 |
| Upside Target | 61.40 |
| Upside Target | 63.00 |
| Upside Target | 68.90 |
Intraday share price targets for Indo Rama (IndoRama)
| Target Type | Value |
| Downside Intraday Target | 49.8 |
| Downside Intraday Target | 48 |
| Upside Intraday Target | 54.1 |
| Upside Intraday Target | 56.6 |
| Upside Intraday Target | 52.3 |
Weekly technical analysis of Indo Rama (IndoRama)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 51.60 | 52.90 | 54.80 | 50.50 | 1.786 times |
| 27 Fri Jan 2023 | 53.15 | 55.75 | 55.75 | 52.90 | 0.358 times |
| 20 Fri Jan 2023 | 54.95 | 57.90 | 58.55 | 54.80 | 1.589 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 |
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 |
| 03 Fri Feb 2023 | 51.60 | 54.50 | 54.80 | 50.50 | 0.136 times |
| 31 Tue Jan 2023 | 54.00 | 60.25 | 61.40 | 52.35 | 0.222 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 | 0.922 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 | 12, 28, 42 | Sell |
| MACD | -3, -2 | Sell |
| Stochastics | 17 | Sell |
| CCI | -158 | Sell |
| RSI | 60 | Buy |
| OBV | -58416 | Sell |
| VWAP | 53 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
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
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 but buying is losing 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 53.23 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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