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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 2024-07-19 View latest technical analysis

10 day averaged volume of Indo Rama is 16983

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	43.47	45.43	45.43	43.05	4.234 times
18 Thu Jul 2024	45.72	46.02	46.43	45.29	0.197 times
16 Tue Jul 2024	45.94	47.70	47.70	45.92	0.124 times
15 Mon Jul 2024	46.23	47.00	47.36	45.20	1.193 times
12 Fri Jul 2024	45.75	48.70	48.70	45.58	0.392 times
11 Thu Jul 2024	46.40	45.78	47.22	45.78	0.681 times
10 Wed Jul 2024	45.67	48.10	48.10	45.00	2.105 times
09 Tue Jul 2024	47.14	45.20	48.52	45.20	1.629 times
08 Mon Jul 2024	46.04	46.50	47.22	45.50	1.818 times
05 Fri Jul 2024	47.07	47.00	47.83	46.61	0.896 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 43.3, for a target of 44.8 or 46.15

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.50
Downside Target	39.50
Downside Target	42.04
Downside Target	43.05
Upside Target	44.15
Upside Target	47.08
Upside Target	47.45
Upside Target	47.70
Upside Target	48.70
Upside Target	51.80
Upside Target	52.83

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	41.78
Downside Intraday Target	40.09
Upside Intraday Target	46.43
Upside Intraday Target	49.39
Upside Intraday Target	44.74

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	43.47	47.00	47.70	43.05	0.868 times
12 Fri Jul 2024	45.75	46.50	48.70	45.00	0.437 times
05 Fri Jul 2024	47.07	45.03	51.80	44.95	3.125 times
28 Fri Jun 2024	44.88	47.08	47.08	44.15	0.924 times
21 Fri Jun 2024	45.24	43.52	47.45	42.04	0.813 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
19 Fri Jul 2024	43.47	45.03	51.80	43.05	1.246 times
28 Fri Jun 2024	44.88	43.80	47.45	38.00	1.582 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

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 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 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 mid to longer 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.

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 but the sell signal is initial and weak.

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 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 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 45.39 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.