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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 2023-03-24 View latest technical analysis

10 day averaged volume of Indo Rama is 17343

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	41.53	41.71	41.94	40.86	0.114 times
23 Thu Mar 2023	41.81	43.10	43.15	41.81	0.674 times
22 Wed Mar 2023	42.46	40.90	43.44	40.90	1.413 times
21 Tue Mar 2023	41.44	41.40	42.69	40.76	0.842 times
20 Mon Mar 2023	41.23	41.50	42.15	40.85	0.697 times
17 Fri Mar 2023	41.70	42.80	44.00	41.16	0.628 times
16 Thu Mar 2023	41.84	43.15	43.50	41.15	1.086 times
15 Wed Mar 2023	43.10	43.25	44.24	42.80	0.156 times
14 Tue Mar 2023	42.77	43.45	44.30	42.60	1.021 times
13 Mon Mar 2023	44.12	44.50	45.32	43.50	2.364 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42, but if it comes above 42, then a intra day buy could be more profitable.
If you take a sell trade below 42, then use 42 as stoploss and 39.8 as target. However if you take a buy trade in stock , then use 42 as stoploss and 43.9 as target.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	40.76
Upside Target	43.44
Upside Target	45.32
Upside Target	46.50
Upside Target	47.70
Upside Target	52.15
Upside Target	52.35
Upside Target	53.85
Upside Target	54.80
Upside Target	61.10
Upside Target	61.40
Upside Target	68.90

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	40.38
Downside Intraday Target	39.23
Upside Intraday Target	43.06
Upside Intraday Target	44.59
Upside Intraday Target	41.91

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Mar 2023	41.53	41.50	43.44	40.76	0.712 times
17 Fri Mar 2023	41.70	44.50	45.32	41.15	2.323 times
10 Fri Mar 2023	45.32	45.37	46.50	44.25	0.905 times
03 Fri Mar 2023	45.14	44.95	47.70	44.05	0.986 times
24 Fri Feb 2023	45.25	46.15	47.25	44.00	0.483 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
24 Fri Mar 2023	41.53	45.05	47.70	40.76	1.086 times
28 Tue Feb 2023	47.30	54.50	54.80	44.00	1.418 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

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 BUY signal for Indo Rama in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 42.56 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.