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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 2024-01-31 View latest technical analysis

10 day averaged volume of Indo Rama is 707413

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	64.65	64.50	67.10	64.00	4.071 times
30 Tue Jan 2024	62.80	57.70	64.00	56.10	4.798 times
29 Mon Jan 2024	57.45	54.90	58.35	54.60	1.308 times
25 Thu Jan 2024	54.60	54.50	54.80	53.60	0.206 times
24 Wed Jan 2024	54.10	52.90	54.60	51.80	0.418 times
23 Tue Jan 2024	52.75	53.60	54.90	52.40	0.518 times
22 Mon Jan 2024	53.65	53.55	54.30	53.00	0.357 times
19 Fri Jan 2024	53.55	54.80	55.50	53.25	0.475 times
18 Thu Jan 2024	54.15	53.20	54.80	52.20	0.82 times
17 Wed Jan 2024	53.85	54.00	54.60	53.30	0.35 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 63.3, for a target of 59.5 or 56.34

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	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	57.13
Downside Intraday Target	49.62
Upside Intraday Target	69.63
Upside Intraday Target	74.62
Downside Intraday Target	62.12

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	64.65	54.90	67.10	54.60	6.793 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
31 Wed Jan 2024	64.65	52.30	67.10	51.80	2.077 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 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 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 60.71 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.