Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-13 View latest technical analysis

10 day averaged volume of Indo Rama is 10760

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	41.59	41.07	43.75	41.00	5.951 times
10 Fri May 2024	41.87	41.00	42.25	41.00	0.398 times
09 Thu May 2024	41.39	42.98	43.64	41.10	0.838 times
08 Wed May 2024	42.92	42.00	43.50	42.00	0.934 times
07 Tue May 2024	42.49	43.00	43.24	42.15	0.187 times
06 Mon May 2024	43.02	44.01	44.09	43.00	0.67 times
03 Fri May 2024	44.51	45.43	45.43	44.15	0.733 times
02 Thu May 2024	44.64	45.50	45.70	44.40	2.005 times
30 Tue Apr 2024	45.42	44.65	45.72	44.65	1.34 times
29 Mon Apr 2024	45.54	46.29	46.29	45.10	0.671 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 41.1, for a target of 42.7 or 44.11

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.50
Downside Target	39.50
Downside Target	41.00
Upside Target	42.64
Upside Target	43.75
Upside Target	45.70
Upside Target	46.90
Upside Target	47.39
Upside Target	49.55
Upside Target	51.60
Upside Target	52.83
Upside Target	66.00
Upside Target	67.03

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	40.48
Downside Intraday Target	39.36
Upside Intraday Target	43.23
Upside Intraday Target	44.86
Upside Intraday Target	42.11

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	41.59	41.07	43.75	41.00	1.965 times
10 Fri May 2024	41.87	44.01	44.09	41.00	0.638 times
03 Fri May 2024	44.51	46.29	46.29	44.15	0.717 times
26 Fri Apr 2024	45.38	45.02	46.55	44.58	0.437 times
19 Fri Apr 2024	44.14	43.00	46.90	42.64	1.053 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
13 Mon May 2024	41.59	45.50	45.70	41.00	0.195 times
30 Tue Apr 2024	45.42	39.71	47.39	39.50	0.679 times
28 Thu Mar 2024	38.93	52.83	52.83	37.50	0.796 times
29 Thu Feb 2024	51.79	66.00	66.00	49.55	0.875 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 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 Weak 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 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 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 42.93 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.