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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)

Indo Rama trades in NSE in Textiles sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Indo Rama is 829921

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	58.60	58.15	59.70	57.60	1.138 times
05 Fri Jan 2024	58.00	54.45	59.25	54.45	3.88 times
04 Thu Jan 2024	54.30	53.05	55.30	52.90	0.601 times
03 Wed Jan 2024	53.00	53.40	53.75	52.50	0.309 times
02 Tue Jan 2024	53.15	53.00	54.05	52.30	0.357 times
01 Mon Jan 2024	52.80	52.30	53.35	52.10	0.21 times
29 Fri Dec 2023	52.10	52.75	52.95	51.80	0.395 times
28 Thu Dec 2023	52.65	52.50	53.35	51.60	0.371 times
27 Wed Dec 2023	52.50	54.05	54.45	51.80	0.509 times
26 Tue Dec 2023	54.00	52.70	54.75	52.55	1.358 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 57.9, for a target of 54.7 or 52.16

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.00
Downside Target	48.65
Downside Target	50.05
Downside Target	51.55
Downside Target	53.65
Downside Target	54.75
Downside Target	57.60
Upside Target	59.20
Upside Target	59.25
Upside Target	59.70
Upside Target	60.30

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	57.57
Downside Intraday Target	56.53
Upside Intraday Target	59.67
Upside Intraday Target	60.73
Upside Intraday Target	58.63

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	58.60	58.15	59.70	57.60	0.213 times
05 Fri Jan 2024	58.00	52.30	59.25	52.10	2.034 times
29 Fri Dec 2023	52.10	52.70	54.75	51.60	0.617 times
22 Fri Dec 2023	52.70	50.85	53.65	48.65	2.659 times
15 Fri Dec 2023	50.55	49.55	51.55	49.05	0.701 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
08 Mon Jan 2024	58.60	52.30	59.70	52.10	0.577 times
29 Fri Dec 2023	52.10	50.50	54.75	48.65	1.076 times
30 Thu Nov 2023	50.20	55.80	59.20	50.05	0.805 times
31 Tue Oct 2023	55.40	49.30	60.30	47.55	2.392 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 55.98 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.