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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 2024-07-19 View latest technical analysis

10 day averaged volume of Indo Rama is 213608

Date Daily Closing Price Open High Low Volume
19 Fri Jul 2024 43.54 45.75 45.87 43.21 1.086 times
18 Thu Jul 2024 45.64 46.25 46.79 45.15 0.677 times
16 Tue Jul 2024 46.01 46.25 47.30 45.86 1.04 times
15 Mon Jul 2024 46.24 45.90 47.44 45.14 1.389 times
12 Fri Jul 2024 45.58 46.55 46.86 45.10 0.779 times
11 Thu Jul 2024 46.43 45.75 47.24 45.75 0.455 times
10 Wed Jul 2024 45.62 47.25 47.25 44.77 1.595 times
09 Tue Jul 2024 47.06 45.60 48.49 45.60 1.35 times
08 Mon Jul 2024 45.84 46.50 47.26 45.71 0.753 times
05 Fri Jul 2024 47.01 47.11 47.89 46.10 0.723 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 43.2, for a target of 44.8 or 46.14

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 41.99
Downside Target 43.21
Upside Target 44.11
Upside Target 45.80
Upside Target 47.25
Upside Target 47.44
Upside Target 48.49
Upside Target 51.29
Upside Target 52.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type Value
Downside Intraday Target 42.02
Downside Intraday Target 40.5
Upside Intraday Target 46.25
Upside Intraday Target 48.96
Upside Intraday Target 44.73

Weekly technical analysis of Indo Rama (INDORAMA)

Date Weekly Closing Price Open High Low Volume
19 Fri Jul 2024 43.54 45.90 47.44 43.21 0.85 times
12 Fri Jul 2024 45.58 46.50 48.49 44.77 0.488 times
05 Fri Jul 2024 47.01 44.50 51.29 44.50 2.14 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

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
19 Fri Jul 2024 43.54 44.50 51.29 43.21 0.977 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 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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining 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 green color and prices are in or below the green 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 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 45.87 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 positive

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

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining 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 green color and prices are in or below the green 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 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 45.87 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 positive

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

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Daily charts

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