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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 2024-02-08 View latest technical analysis

10 day averaged volume of Indo Rama is 1181997

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	61.75	63.80	64.85	61.25	0.7 times
07 Wed Feb 2024	63.00	62.40	65.65	62.15	1.433 times
06 Tue Feb 2024	61.65	61.00	62.50	60.45	0.29 times
05 Mon Feb 2024	60.65	62.90	63.50	60.15	0.542 times
02 Fri Feb 2024	62.50	64.10	64.45	61.15	0.576 times
01 Thu Feb 2024	63.95	65.75	65.95	63.05	0.696 times
31 Wed Jan 2024	64.65	64.50	67.10	64.00	2.436 times
30 Tue Jan 2024	62.80	57.70	64.00	56.10	2.871 times
29 Mon Jan 2024	57.45	54.90	58.35	54.60	0.783 times
25 Thu Jan 2024	54.60	54.50	54.80	53.60	0.123 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 62.1 as stoploss in an intra day sell trade for a target of 58.02. However, stock will show a bullish move above 62.1.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.55
Downside Target	48.65
Downside Target	50.05
Downside Target	51.80
Downside Target	54.60
Downside Target	56.30
Downside Target	59.20
Downside Target	60.30
Downside Target	61.25
Upside Target	65.65
Upside Target	65.95
Upside Target	67.10

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	59.38
Downside Intraday Target	57.02
Upside Intraday Target	64.88
Upside Intraday Target	68.02
Upside Intraday Target	62.52

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	61.75	62.90	65.65	60.15	0.403 times
02 Fri Feb 2024	62.50	54.90	67.10	54.60	8.211 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

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
08 Thu Feb 2024	61.75	65.75	65.95	60.15	0.258 times
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

Scroll below to view daily charts

Price has moved down 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 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 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 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 62.61 and Indo Rama (INDORAMA) stock is trading below this level. This means that stock is falling with high volumes. 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.