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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 2024-12-24 View latest technical analysis

10 day averaged volume of Indo Rama is 12398

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	40.11	40.58	40.58	40.11	0.019 times
23 Mon Dec 2024	40.04	41.10	41.10	39.98	0.686 times
20 Fri Dec 2024	40.35	41.60	42.47	40.05	0.896 times
19 Thu Dec 2024	42.04	42.33	43.00	41.00	2.843 times
18 Wed Dec 2024	43.19	42.70	44.02	42.61	0.809 times
17 Tue Dec 2024	43.45	44.70	44.80	43.20	0.262 times
16 Mon Dec 2024	44.13	44.90	44.95	43.84	0.318 times
13 Fri Dec 2024	43.64	43.56	44.57	42.72	0.872 times
12 Thu Dec 2024	44.16	45.05	45.05	43.99	0.221 times
11 Wed Dec 2024	45.27	44.70	46.13	44.70	0.704 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.1, but if it comes above 41.1, then a intra day buy could be more profitable.
If you take a sell trade below 41.1, then use 41.1 as stoploss and 39 as target. However if you take a buy trade in stock , then use 41.1 as stoploss and 42.83 as target.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.63
Downside Target	38.54
Downside Target	39.98
Upside Target	41.10
Upside Target	42.49
Upside Target	44.95
Upside Target	46.47
Upside Target	46.55
Upside Target	50.32
Upside Target	51.00
Upside Target	59.45

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	39.69
Downside Intraday Target	39.28
Upside Intraday Target	40.81
Upside Intraday Target	41.52
Upside Intraday Target	40.4

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	40.11	41.10	41.10	39.98	0.137 times
20 Fri Dec 2024	40.35	44.90	44.95	40.05	0.636 times
13 Fri Dec 2024	43.64	43.99	46.47	42.72	1.927 times
06 Fri Dec 2024	43.68	41.50	44.00	41.45	1.307 times
29 Fri Nov 2024	41.16	38.54	43.50	38.54	0.658 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
24 Tue Dec 2024	40.11	41.50	46.47	39.98	0.764 times
29 Fri Nov 2024	41.16	42.98	44.95	37.63	0.362 times
31 Thu Oct 2024	42.18	49.98	50.32	38.57	0.331 times
30 Mon Sep 2024	49.73	47.00	59.45	46.55	4.37 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 Strong and stock is gaining 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 42.46 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.