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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 2024-07-25 View latest technical analysis

10 day averaged volume of Indo Rama is 196679

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	45.24	44.45	46.90	44.45	1.09 times
24 Wed Jul 2024	45.11	44.25	45.83	44.21	0.877 times
23 Tue Jul 2024	43.94	43.90	45.19	43.25	0.613 times
22 Mon Jul 2024	44.31	43.85	45.45	43.53	0.885 times
19 Fri Jul 2024	43.54	45.75	45.87	43.21	1.179 times
18 Thu Jul 2024	45.64	46.25	46.79	45.15	0.735 times
16 Tue Jul 2024	46.01	46.25	47.30	45.86	1.13 times
15 Mon Jul 2024	46.24	45.90	47.44	45.14	1.508 times
12 Fri Jul 2024	45.58	46.55	46.86	45.10	0.846 times
11 Thu Jul 2024	46.43	45.75	47.24	45.75	0.494 times

My analysis of stock is bearish for shortterm, and stock might move down till 44.5 or till 42.7. Use a stoploss of 45.97 and if the stock hits stoploss, then it can shoot up till 47.44

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	43.21
Upside Target	45.80
Upside Target	46.90
Upside Target	47.40
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	43.36
Downside Intraday Target	41.48
Upside Intraday Target	47.01
Upside Intraday Target	48.78
Downside Intraday Target	45.13

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	45.24	43.85	46.90	43.25	0.761 times
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

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
25 Thu Jul 2024	45.24	44.50	51.29	43.21	1.139 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 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 45.22 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 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.