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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)

10 day averaged volume of Indo Rama is 9626

Date Daily Closing Price Open High Low Volume
26 Tue Oct 2021 48.80 47.30 49.50 47.30 0.823 times
25 Mon Oct 2021 48.65 50.80 50.80 47.55 0.44 times
22 Fri Oct 2021 49.05 50.70 50.70 48.50 0.886 times
21 Thu Oct 2021 50.25 49.30 50.60 48.60 0.672 times
20 Wed Oct 2021 49.60 51.20 51.90 47.50 1.014 times
19 Tue Oct 2021 51.20 50.60 52.45 49.55 1.35 times
18 Mon Oct 2021 51.30 52.90 53.15 51.10 0.712 times
14 Thu Oct 2021 51.90 52.10 52.90 50.70 1.453 times
13 Wed Oct 2021 51.60 52.60 53.25 51.15 1.156 times
12 Tue Oct 2021 52.40 52.60 52.90 52.00 1.314 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 49.6, but if it comes above 49.6, then a intra day buy could be more profitable.
If you take a sell trade below 49.6, then use 49.6 as stoploss and 48.1 as target. However if you take a buy trade in stock , then use 49.6 as stoploss and 50.79 as target.

Share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Target 46.30
Upside Target 50.70
Upside Target 51.05
Upside Target 53.15
Upside Target 53.25
Upside Target 53.70
Upside Target 57.15
Upside Target 58.10
Upside Target 58.75
Upside Target 62.45

Intraday share price targets for Indo Rama (IndoRama)

Target Type Value
Downside Intraday Target 47.13
Downside Intraday Target 45.47
Upside Intraday Target 50.63
Upside Intraday Target 52.47
Upside Intraday Target 48.97

Weekly technical analysis of Indo Rama (IndoRama)

Date Weekly Closing Price Open High Low Volume
26 Tue Oct 2021 48.80 50.80 50.80 47.30 0.272 times
22 Fri Oct 2021 49.05 52.90 53.15 47.50 0.941 times
14 Thu Oct 2021 51.90 52.65 53.25 50.70 0.982 times
08 Fri Oct 2021 52.30 53.00 53.70 50.70 1.471 times
01 Fri Oct 2021 50.50 50.90 51.05 49.00 0.777 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
26 Tue Oct 2021 48.80 49.10 53.70 47.30 0.65 times
30 Thu Sep 2021 50.00 46.60 57.15 46.60 1.102 times
31 Tue Aug 2021 47.80 53.90 58.75 46.30 0.329 times
30 Fri Jul 2021 51.80 48.10 62.45 48.10 1.324 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)

Indicator Name Indicator Value Indicator Signal
ADX 6, 21, 54 Sell
MACD -1, -1Sell
Stochastics 23Sell
CCI -106Sell
RSI 45Sell
OBV 8967Sell
VWAP 51Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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 red color and prices are in or above the red 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 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 50.78 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

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Daily charts

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Daily chart

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