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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 2024-06-27 View latest technical analysis

10 day averaged volume of Indo Rama is 279412

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	44.43	45.40	45.89	44.11	0.456 times
26 Wed Jun 2024	45.49	45.15	46.47	45.05	0.699 times
25 Tue Jun 2024	45.15	45.70	46.44	45.00	0.638 times
24 Mon Jun 2024	46.04	45.00	47.25	44.80	1.13 times
21 Fri Jun 2024	45.28	47.25	47.25	45.11	1.019 times
20 Thu Jun 2024	46.84	43.37	47.40	42.74	2.974 times
19 Wed Jun 2024	42.91	43.80	43.80	41.99	0.535 times
18 Tue Jun 2024	43.22	43.78	44.39	43.00	0.668 times
14 Fri Jun 2024	43.45	43.55	44.70	42.56	1.098 times
13 Thu Jun 2024	42.94	43.00	43.62	42.52	0.442 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 45 as stoploss in an intra day sell trade for a target of 42.84. However, stock will show a bullish move above 45.

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	44.11
Upside 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	43.28
Downside Intraday Target	42.12
Upside Intraday Target	46.42
Upside Intraday Target	48.4
Upside Intraday Target	45.26

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	44.43	45.00	47.25	44.11	0.563 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 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
27 Thu Jun 2024	44.43	41.50	47.40	37.50	1.324 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 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 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 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 Weak 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 tired and bears are picking up momentum.

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 45.23 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.