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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 2024-03-05 View latest technical analysis

10 day averaged volume of Indo Rama is 33820

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	49.38	50.04	50.81	48.95	1.923 times
04 Mon Mar 2024	50.07	51.19	51.19	49.60	0.94 times
02 Sat Mar 2024	50.46	52.01	52.01	49.45	0.723 times
01 Fri Mar 2024	52.02	52.83	52.83	51.00	0.464 times
29 Thu Feb 2024	51.79	50.98	52.30	50.63	0.692 times
28 Wed Feb 2024	51.00	52.21	52.52	50.63	1.117 times
27 Tue Feb 2024	52.47	53.94	53.94	52.31	0.64 times
26 Mon Feb 2024	53.60	55.42	55.72	52.66	0.852 times
23 Fri Feb 2024	54.34	52.50	55.07	52.15	3.258 times
22 Thu Feb 2024	52.39	52.62	52.86	52.00	0.483 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.8, but if it comes above 49.8, then a intra day buy could be more profitable.
If you take a sell trade below 49.8, then use 49.8 as stoploss and 46.7 as target. However if you take a buy trade in stock , then use 49.8 as stoploss and 52.49 as target.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	48.84
Upside Target	51.19
Upside Target	54.60
Upside Target	55.00
Upside Target	55.07
Upside Target	55.72
Upside Target	56.61
Upside Target	59.00
Upside Target	65.60
Upside Target	66.00
Upside Target	67.03

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	48.49
Downside Intraday Target	47.6
Upside Intraday Target	50.73
Upside Intraday Target	52.08
Upside Intraday Target	49.84

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	49.38	51.19	51.19	48.95	0.638 times
02 Sat Mar 2024	50.46	55.42	55.72	49.45	0.652 times
23 Fri Feb 2024	54.34	53.00	55.07	51.95	0.756 times
16 Fri Feb 2024	52.86	56.50	56.61	49.55	0.828 times
09 Fri Feb 2024	56.21	63.62	65.60	55.00	0.456 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
05 Tue Mar 2024	49.38	52.83	52.83	48.95	0.114 times
29 Thu Feb 2024	51.79	66.00	66.00	49.55	0.875 times
31 Wed Jan 2024	64.60	52.21	67.03	51.60	2.032 times
29 Fri Dec 2023	52.05	50.86	54.60	48.84	1.615 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 52.02 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.