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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 2024-01-29 View latest technical analysis

10 day averaged volume of Indo Rama is 355451

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	57.45	54.90	58.35	54.60	2.602 times
25 Thu Jan 2024	54.60	54.50	54.80	53.60	0.409 times
24 Wed Jan 2024	54.10	52.90	54.60	51.80	0.832 times
23 Tue Jan 2024	52.75	53.60	54.90	52.40	1.03 times
22 Mon Jan 2024	53.65	53.55	54.30	53.00	0.71 times
19 Fri Jan 2024	53.55	54.80	55.50	53.25	0.946 times
18 Thu Jan 2024	54.15	53.20	54.80	52.20	1.632 times
17 Wed Jan 2024	53.85	54.00	54.60	53.30	0.696 times
16 Tue Jan 2024	54.55	55.50	56.30	53.50	1.496 times
15 Mon Jan 2024	55.55	57.35	57.40	55.15	1.158 times

Stock of Indo Rama (INDORAMA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.3, but if it comes below 57.3, then a intra day sell could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 55.26 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 59.8 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.00
Downside Target	48.65
Downside Target	50.05
Downside Target	51.80
Downside Target	54.60
Downside Target	56.30
Downside Target	57.40
Upside Target	58.35
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	55.25
Downside Intraday Target	53.05
Upside Intraday Target	59
Upside Intraday Target	60.55
Downside Intraday Target	56.8

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	57.45	54.90	58.35	54.60	0.873 times
25 Thu Jan 2024	54.60	53.55	54.90	51.80	0.503 times
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

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
29 Mon Jan 2024	57.45	52.30	61.25	51.80	1.405 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 SELL signal for Indo Rama in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indo Rama is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.88 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.