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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)

10 day averaged volume of Indo Rama is 17018

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	48.98	49.39	49.50	48.00	0.665 times
28 Thu Sep 2023	48.42	50.00	50.00	48.16	0.432 times
27 Wed Sep 2023	48.96	49.03	49.27	48.50	1.535 times
26 Tue Sep 2023	49.16	49.00	50.29	48.86	0.38 times
25 Mon Sep 2023	49.82	50.81	51.65	49.60	0.862 times
22 Fri Sep 2023	51.04	51.45	51.53	50.50	0.589 times
21 Thu Sep 2023	52.10	53.00	54.00	51.90	3.55 times
20 Wed Sep 2023	52.94	50.00	53.40	49.01	1.018 times
18 Mon Sep 2023	50.67	50.20	51.78	49.80	0.432 times
15 Fri Sep 2023	50.19	49.16	51.65	49.16	0.324 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 48.9 as stoploss in an intra day buy trade for a target of 50.43. However, stock will show a bearish move below 48.9.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	39.15
Downside Target	41.53
Downside Target	44.10
Downside Target	46.35
Upside Target	50.59
Upside Target	51.65
Upside Target	52.41
Upside Target	53.00
Upside Target	53.80
Upside Target	54.00
Upside Target	55.90

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	47.44
Downside Intraday Target	45.89
Upside Intraday Target	51.09
Upside Intraday Target	53.19
Upside Intraday Target	49.54

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	48.98	50.81	51.65	48.00	0.693 times
22 Fri Sep 2023	51.04	50.20	54.00	49.01	1.539 times
15 Fri Sep 2023	50.19	52.11	52.41	47.10	0.845 times
08 Fri Sep 2023	52.09	51.01	53.80	48.90	0.266 times
01 Fri Sep 2023	52.05	47.81	55.90	46.35	1.553 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
29 Fri Sep 2023	48.98	50.40	54.00	47.10	0.478 times
31 Thu Aug 2023	51.05	46.50	55.90	41.85	3.017 times
31 Mon Jul 2023	44.55	47.59	50.59	44.10	0.553 times
30 Fri Jun 2023	48.56	41.96	53.00	41.53	1.45 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 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 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 gaining momentum.

MACD generated a SELL signal for Indo Rama in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 50.82 and Indo Rama (IndoRama) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.