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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 2024-02-14 View latest technical analysis

10 day averaged volume of Indo Rama is 1062245

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	50.10	50.30	51.70	49.80	0.631 times
13 Tue Feb 2024	50.35	53.90	53.90	49.60	0.64 times
12 Mon Feb 2024	53.15	56.90	56.90	52.30	0.585 times
09 Fri Feb 2024	56.45	58.65	59.00	54.40	1.349 times
08 Thu Feb 2024	61.75	63.80	64.85	61.25	0.779 times
07 Wed Feb 2024	63.00	62.40	65.65	62.15	1.595 times
06 Tue Feb 2024	61.65	61.00	62.50	60.45	0.322 times
05 Mon Feb 2024	60.65	62.90	63.50	60.15	0.603 times
02 Fri Feb 2024	62.50	64.10	64.45	61.15	0.641 times
01 Thu Feb 2024	63.95	65.75	65.95	63.05	0.774 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.6, but if it comes above 52.6, then a intra day buy could be more profitable.
If you take a sell trade below 52.6, then use 52.6 as stoploss and 46.9 as target. However if you take a buy trade in stock , then use 52.6 as stoploss and 57.26 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	47.55
Downside Target	48.65
Upside Target	51.80
Upside Target	54.40
Upside Target	56.90
Upside Target	57.40
Upside Target	59.20
Upside Target	60.30
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	47.5
Downside Intraday Target	44.9
Upside Intraday Target	54.8
Upside Intraday Target	59.5
Upside Intraday Target	52.2

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	50.10	56.90	56.90	49.60	0.399 times
09 Fri Feb 2024	56.45	62.90	65.65	54.40	0.567 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

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
14 Wed Feb 2024	50.10	65.75	65.95	49.60	0.434 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Strong 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 58.8 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.