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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 2024-06-21 View latest technical analysis

10 day averaged volume of Indo Rama is 20512

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	45.24	47.08	47.08	45.20	0.822 times
20 Thu Jun 2024	46.61	42.79	47.45	42.78	1.998 times
19 Wed Jun 2024	42.71	43.99	43.99	42.04	1.155 times
18 Tue Jun 2024	43.36	43.52	45.35	43.25	0.367 times
14 Fri Jun 2024	42.96	43.80	43.80	42.75	0.932 times
13 Thu Jun 2024	42.96	43.80	43.80	42.75	0.932 times
12 Wed Jun 2024	43.35	43.80	43.80	42.85	1.246 times
11 Tue Jun 2024	42.52	41.80	42.95	41.80	0.685 times
10 Mon Jun 2024	42.14	41.50	43.20	41.50	1.544 times
07 Fri Jun 2024	41.83	40.50	42.29	40.50	0.488 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.9, for a target of 43.8 or 42.05

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.50
Downside Target	39.50
Downside Target	41.50
Downside Target	42.95
Downside Target	43.80
Upside Target	45.70
Upside Target	47.39
Upside Target	47.45
Upside Target	49.55
Upside Target	52.83
Upside Target	66.00

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	42.37
Downside Intraday Target	39.5
Upside Intraday Target	47.78
Upside Intraday Target	50.32
Downside Intraday Target	44.91

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Jun 2024	45.24	43.52	47.45	42.04	0.813 times
14 Fri Jun 2024	42.96	41.50	43.80	41.50	1.161 times
07 Fri Jun 2024	41.83	43.80	43.80	38.00	4.737 times
31 Fri May 2024	40.34	42.00	42.95	40.10	0.391 times
24 Fri May 2024	41.86	43.70	43.70	41.66	0.489 times

Price has moved up 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
21 Fri Jun 2024	45.24	43.80	47.45	38.00	1.235 times
31 Fri May 2024	40.34	45.50	45.70	40.10	0.366 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

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (IndoRama) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (IndoRama) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Indo Rama stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Indo Rama in short term and BUY signal is strong.

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 43.69 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 rising upwards.

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 is giving positive 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.