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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 2024-06-24 View latest technical analysis

10 day averaged volume of Indo Rama is 262207

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	46.04	45.00	47.25	44.80	1.204 times
21 Fri Jun 2024	45.28	47.25	47.25	45.11	1.086 times
20 Thu Jun 2024	46.84	43.37	47.40	42.74	3.169 times
19 Wed Jun 2024	42.91	43.80	43.80	41.99	0.57 times
18 Tue Jun 2024	43.22	43.78	44.39	43.00	0.712 times
14 Fri Jun 2024	43.45	43.55	44.70	42.56	1.17 times
13 Thu Jun 2024	42.94	43.00	43.62	42.52	0.471 times
12 Wed Jun 2024	43.24	42.95	43.67	42.41	0.85 times
11 Tue Jun 2024	42.40	42.35	43.00	41.75	0.483 times
10 Mon Jun 2024	42.03	42.00	43.43	41.90	0.706 times

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 46.6, for a target of 44.3 or 42.31

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	36.40
Downside Target	37.50
Downside Target	39.15
Downside Target	40.00
Downside Target	41.75
Downside Target	44.70
Downside Target	45.80
Upside Target	47.25
Upside Target	47.40
Upside Target	49.60
Upside Target	52.50
Upside Target	65.95

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	44.81
Downside Intraday Target	43.58
Upside Intraday Target	47.26
Upside Intraday Target	48.48
Downside Intraday Target	46.03

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	46.04	45.00	47.25	44.80	0.217 times
21 Fri Jun 2024	45.28	43.78	47.40	41.99	1.505 times
14 Fri Jun 2024	43.45	42.00	44.70	41.75	1.238 times
07 Fri Jun 2024	41.75	41.50	42.50	37.50	1.847 times
31 Fri May 2024	40.25	41.95	42.05	40.00	0.688 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
24 Mon Jun 2024	46.04	41.50	47.40	37.50	1.159 times
31 Fri May 2024	40.25	45.75	45.80	40.00	0.581 times
30 Tue Apr 2024	45.40	39.15	47.40	39.15	0.58 times
28 Thu Mar 2024	38.85	51.90	52.50	36.40	0.626 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 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 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 neutral. A longer time frame might give a better analysis.

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.

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 but buying 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 44.74 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.