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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 2024-07-31 View latest technical analysis

10 day averaged volume of Indo Rama is 466936

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	49.42	48.25	51.00	48.25	1.626 times
30 Tue Jul 2024	48.73	48.00	50.20	47.27	1.495 times
29 Mon Jul 2024	47.96	48.50	49.64	47.59	0.978 times
26 Fri Jul 2024	48.50	45.45	51.98	45.45	4.786 times
25 Thu Jul 2024	45.24	44.45	46.90	44.45	0.459 times
24 Wed Jul 2024	45.11	44.25	45.83	44.21	0.369 times
23 Tue Jul 2024	43.94	43.90	45.19	43.25	0.258 times
22 Mon Jul 2024	44.31	43.85	45.45	43.53	0.373 times
19 Fri Jul 2024	43.54	45.75	45.87	43.21	0.497 times
18 Thu Jul 2024	45.64	46.25	46.79	45.15	0.31 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 49.8, for a target of 48 or 46.38

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
Downside Target	44.50
Downside Target	45.80
Downside Target	47.27
Downside Target	48.49
Upside Target	51.00
Upside Target	51.29
Upside Target	51.98
Upside Target	52.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	47.46
Downside Intraday Target	45.5
Upside Intraday Target	51.19
Upside Intraday Target	52.96
Downside Intraday Target	49.23

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	49.42	48.50	51.00	47.27	0.656 times
26 Fri Jul 2024	48.50	43.85	51.98	43.25	3.257 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

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
31 Wed Jul 2024	49.42	44.50	51.98	43.21	2.126 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, and volume has increased substantially. This means that the move can 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 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 gaining 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 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 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 47.83 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.