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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 2024-05-22 View latest technical analysis

10 day averaged volume of Indo Rama is 15011

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 42.00 41.66 43.17 41.66 0.174 times
21 Tue May 2024 42.12 43.70 43.70 42.06 1.5 times
18 Sat May 2024 43.73 43.44 44.00 42.85 0.148 times
17 Fri May 2024 44.55 43.69 44.88 43.69 1.995 times
16 Thu May 2024 43.42 41.76 44.26 41.76 0.337 times
15 Wed May 2024 42.61 42.19 43.35 42.19 0.068 times
14 Tue May 2024 42.59 41.10 43.05 41.10 0.131 times
13 Mon May 2024 41.59 41.07 43.75 41.00 4.266 times
10 Fri May 2024 41.87 41.00 42.25 41.00 0.285 times
09 Thu May 2024 41.39 42.98 43.64 41.10 0.601 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.1, but if it comes above 42.1, then a intra day buy could be more profitable.
If you take a sell trade below 42.1, then use 42.1 as stoploss and 40.4 as target. However if you take a buy trade in stock , then use 42.1 as stoploss and 43.51 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 37.50
Downside Target 39.50
Downside Target 41.00
Upside Target 43.70
Upside Target 46.29
Upside Target 46.55
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 41.21
Downside Intraday Target 40.41
Upside Intraday Target 43.25
Upside Intraday Target 44.49
Upside Intraday Target 42.45

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 42.00 43.70 43.70 41.66 0.241 times
18 Sat May 2024 43.73 41.07 44.88 41.00 3.2 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

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
22 Wed May 2024 42.00 45.50 45.70 41.00 0.296 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is gaining momentum.

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

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 42.42 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.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is gaining momentum.

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

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 42.42 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.

Click here for Indo Rama charts

Click here for further forecast and predictions for tomorrow

Daily charts

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