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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 2024-07-04 View latest technical analysis

10 day averaged volume of Indo Rama is 386201

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	47.71	47.88	48.50	46.51	0.685 times
03 Wed Jul 2024	47.70	48.77	48.77	47.15	0.576 times
02 Tue Jul 2024	48.06	50.80	51.29	47.75	1.167 times
01 Mon Jul 2024	49.36	44.50	51.23	44.50	2.758 times
28 Fri Jun 2024	44.61	44.20	46.06	44.20	0.495 times
27 Thu Jun 2024	44.43	45.40	45.89	44.11	0.33 times
26 Wed Jun 2024	45.49	45.15	46.47	45.05	0.506 times
25 Tue Jun 2024	45.15	45.70	46.44	45.00	0.462 times
24 Mon Jun 2024	46.04	45.00	47.25	44.80	0.817 times
21 Fri Jun 2024	45.28	47.25	47.25	45.11	0.737 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 47, but if it comes below 47, then a intra day sell could be more profitable.
If you take a sell trade below 47, then use 47 as stoploss and 44.67 as target. However if you take a buy trade in stock , then use 47 as stoploss and 49.8 as target.

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
Downside Target	45.80
Downside Target	47.25
Downside Target	47.40
Upside Target	51.29
Upside Target	52.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	44.38
Downside Intraday Target	41.04
Upside Intraday Target	51.17
Upside Intraday Target	54.62
Upside Intraday Target	47.83

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	47.71	44.50	51.29	44.50	1.987 times
28 Fri Jun 2024	44.61	45.00	47.25	44.11	0.694 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

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
04 Thu Jul 2024	47.71	44.50	51.29	44.50	0.476 times
28 Fri Jun 2024	44.61	41.50	47.40	37.50	1.387 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

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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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 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 47.34 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.