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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 2024-08-13 View latest technical analysis

10 day averaged volume of Indo Rama is 331030

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	44.96	46.05	46.86	44.93	0.398 times
12 Mon Aug 2024	46.13	47.50	47.50	45.61	0.429 times
09 Fri Aug 2024	45.79	46.50	47.06	45.60	0.298 times
08 Thu Aug 2024	46.92	46.50	47.50	46.08	0.502 times
07 Wed Aug 2024	46.37	45.35	47.90	45.35	0.914 times
06 Tue Aug 2024	45.01	44.51	47.46	44.51	1.263 times
05 Mon Aug 2024	44.51	46.20	46.53	44.31	0.942 times
02 Fri Aug 2024	46.89	47.99	48.17	46.74	0.626 times
01 Thu Aug 2024	48.15	49.60	50.13	47.51	0.623 times
31 Wed Jul 2024	49.42	48.25	51.00	48.25	2.294 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.5 as stoploss in an intra day buy trade for a target of 46.16. However, stock will show a bearish move below 44.5.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	39.15
Downside Target	40.00
Downside Target	43.21
Downside Target	44.31
Upside Target	46.74
Upside Target	47.44
Upside Target	47.50
Upside Target	47.90
Upside Target	50.13
Upside Target	51.00
Upside Target	51.98

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	44.09
Downside Intraday Target	43.23
Upside Intraday Target	46.66
Upside Intraday Target	48.37
Upside Intraday Target	45.8

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	44.96	47.50	47.50	44.93	0.211 times
09 Fri Aug 2024	45.79	46.20	47.90	44.31	0.558 times
02 Fri Aug 2024	46.89	48.50	51.00	46.74	0.798 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

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
13 Tue Aug 2024	44.96	49.60	50.13	44.31	0.222 times
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

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 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 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 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indo Rama is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 46.9 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 negative.

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