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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 2023-03-31 View latest technical analysis

10 day averaged volume of Indo Rama is 21558

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Mar 2023	39.07	39.40	41.60	38.81	0.883 times
29 Wed Mar 2023	39.42	38.20	40.04	37.77	1.626 times
28 Tue Mar 2023	37.79	40.88	40.88	36.60	1.717 times
27 Mon Mar 2023	40.06	41.16	41.16	39.70	2.268 times
24 Fri Mar 2023	41.53	41.71	41.94	40.86	0.092 times
23 Thu Mar 2023	41.81	43.10	43.15	41.81	0.542 times
22 Wed Mar 2023	42.46	40.90	43.44	40.90	1.136 times
21 Tue Mar 2023	41.44	41.40	42.69	40.76	0.678 times
20 Mon Mar 2023	41.23	41.50	42.15	40.85	0.561 times
17 Fri Mar 2023	41.70	42.80	44.00	41.16	0.506 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.2, but if it comes above 40.2, then a intra day buy could be more profitable.
If you take a sell trade below 40.2, then use 40.2 as stoploss and 37.4 as target. However if you take a buy trade in stock , then use 40.2 as stoploss and 42.54 as target.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	36.60
Upside 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	36.58
Downside Intraday Target	34.09
Upside Intraday Target	41.58
Upside Intraday Target	44.09
Upside Intraday Target	39.09

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Mar 2023	39.07	41.16	41.60	36.60	2.158 times
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

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
31 Fri Mar 2023	39.07	45.05	47.70	36.60	1.774 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, and volume has increased substantially. This means that the move can 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 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 losing 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 buy signal for Indo Rama in short term but BUY signal is weak.

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

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 40.1 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.