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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 2024-01-16 View latest technical analysis

10 day averaged volume of Indo Rama is 927696

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	54.55	55.50	56.30	53.50	0.573 times
15 Mon Jan 2024	55.55	57.35	57.40	55.15	0.444 times
12 Fri Jan 2024	57.05	58.40	58.80	56.70	0.418 times
11 Thu Jan 2024	58.10	59.90	60.65	57.70	0.632 times
10 Wed Jan 2024	59.25	56.30	61.25	56.30	2.134 times
09 Tue Jan 2024	56.80	59.00	59.35	56.50	0.751 times
08 Mon Jan 2024	58.60	58.15	59.70	57.60	1.018 times
05 Fri Jan 2024	58.00	54.45	59.25	54.45	3.471 times
04 Thu Jan 2024	54.30	53.05	55.30	52.90	0.537 times
03 Wed Jan 2024	53.00	53.40	53.75	52.50	0.276 times

My analysis of stock is bullish for shortterm, and stock might move up till 57.1 or till 60.5. Use a stoploss of 54.24 and if this stock hits its stoploss, then it can fall down till 51.38

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.00
Downside Target	48.65
Downside Target	50.05
Downside Target	51.60
Downside Target	53.50
Upside Target	56.30
Upside Target	57.40
Upside Target	59.20
Upside Target	59.25
Upside Target	60.30
Upside Target	61.25

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	52.9
Downside Intraday Target	51.25
Upside Intraday Target	56.8
Upside Intraday Target	59.05
Upside Intraday Target	55.15

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	54.55	57.35	57.40	53.50	0.205 times
12 Fri Jan 2024	57.05	58.15	61.25	56.30	1.034 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

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
16 Tue Jan 2024	54.55	52.30	61.25	52.10	1.069 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 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a BUY signal for Indo Rama in short term and the buy signal is strong.

Indo Rama Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 57.57 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 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.