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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 2024-01-19 View latest technical analysis

10 day averaged volume of Indo Rama is 958524

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	53.55	54.80	55.50	53.25	0.351 times
18 Thu Jan 2024	54.15	53.20	54.80	52.20	0.605 times
17 Wed Jan 2024	53.85	54.00	54.60	53.30	0.258 times
16 Tue Jan 2024	54.55	55.50	56.30	53.50	0.555 times
15 Mon Jan 2024	55.55	57.35	57.40	55.15	0.429 times
12 Fri Jan 2024	57.05	58.40	58.80	56.70	0.405 times
11 Thu Jan 2024	58.10	59.90	60.65	57.70	0.612 times
10 Wed Jan 2024	59.25	56.30	61.25	56.30	2.065 times
09 Tue Jan 2024	56.80	59.00	59.35	56.50	0.726 times
08 Mon Jan 2024	58.60	58.15	59.70	57.60	0.986 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 52.6 as stoploss in an intra day buy trade for a target of 54.83. However, stock will show a bearish move below 52.6.

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
Upside Target	53.65
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	51.37
Downside Intraday Target	49.18
Upside Intraday Target	56.57
Upside Intraday Target	59.58
Upside Intraday Target	54.38

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	53.55	57.35	57.40	52.20	0.459 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
19 Fri Jan 2024	53.55	52.30	61.25	52.10	1.193 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 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 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 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 buy signal for Indo Rama in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 57.15 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.