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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 2024-01-30 View latest technical analysis

10 day averaged volume of Indo Rama is 409161

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	62.80	57.70	64.00	56.10	8.295 times
29 Mon Jan 2024	57.45	54.90	58.35	54.60	2.261 times
25 Thu Jan 2024	54.60	54.50	54.80	53.60	0.355 times
24 Wed Jan 2024	54.10	52.90	54.60	51.80	0.723 times
23 Tue Jan 2024	52.75	53.60	54.90	52.40	0.895 times
22 Mon Jan 2024	53.65	53.55	54.30	53.00	0.617 times
19 Fri Jan 2024	53.55	54.80	55.50	53.25	0.822 times
18 Thu Jan 2024	54.15	53.20	54.80	52.20	1.417 times
17 Wed Jan 2024	53.85	54.00	54.60	53.30	0.604 times
16 Tue Jan 2024	54.55	55.50	56.30	53.50	1.3 times

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

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 61.4, for a target of 58.3 or 55.76

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
Downside Target	59.20
Downside Target	59.25
Downside Target	60.30
Downside Target	61.25
Upside Target	64.00

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	56.93
Downside Intraday Target	51.07
Upside Intraday Target	66.33
Upside Intraday Target	69.87
Downside Intraday Target	60.47

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	62.80	54.90	64.00	54.60	4.075 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indo Rama (INDORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	62.80	52.30	64.00	51.80	1.769 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 and the buying is gaining 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 58.64 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.