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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 2024-05-15 View latest technical analysis

10 day averaged volume of Indo Rama is 14246

Date Daily Closing Price Open High Low Volume
15 Wed May 2024 42.61 42.19 43.35 42.19 0.072 times
14 Tue May 2024 42.59 41.10 43.05 41.10 0.138 times
13 Mon May 2024 41.59 41.07 43.75 41.00 4.495 times
10 Fri May 2024 41.87 41.00 42.25 41.00 0.301 times
09 Thu May 2024 41.39 42.98 43.64 41.10 0.633 times
08 Wed May 2024 42.92 42.00 43.50 42.00 0.705 times
07 Tue May 2024 42.49 43.00 43.24 42.15 0.141 times
06 Mon May 2024 43.02 44.01 44.09 43.00 0.506 times
03 Fri May 2024 44.51 45.43 45.43 44.15 0.553 times
02 Thu May 2024 44.64 45.50 45.70 44.40 1.514 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 42.5 as stoploss in an intra day buy trade for a target of 43.87. However, stock will show a bearish move below 42.5.

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 41.16
Downside Intraday Target 39.7
Upside Intraday Target 43.91
Upside Intraday Target 45.2
Downside Intraday Target 42.45

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
15 Wed May 2024 42.61 41.07 43.75 41.00 2.057 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 up 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
15 Wed May 2024 42.61 45.50 45.70 41.00 0.199 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 BUY. 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.

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 moving up

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 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 42.49 and Indo Rama (IndoRama) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 BUY. 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.

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 moving up

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 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 42.49 and Indo Rama (IndoRama) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

Click here for Indo Rama charts

Click here for further forecast and predictions for tomorrow

Daily charts

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