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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 2024-08-19 View latest technical analysis

10 day averaged volume of Indo Rama is 211968

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	45.04	43.90	45.75	43.90	0.615 times
16 Fri Aug 2024	43.84	44.10	44.64	43.50	0.379 times
14 Wed Aug 2024	43.98	44.80	44.98	42.22	1.23 times
13 Tue Aug 2024	44.96	46.05	46.86	44.93	0.621 times
12 Mon Aug 2024	46.13	47.50	47.50	45.61	0.67 times
09 Fri Aug 2024	45.79	46.50	47.06	45.60	0.465 times
08 Thu Aug 2024	46.92	46.50	47.50	46.08	0.784 times
07 Wed Aug 2024	46.37	45.35	47.90	45.35	1.428 times
06 Tue Aug 2024	45.01	44.51	47.46	44.51	1.973 times
05 Mon Aug 2024	44.51	46.20	46.53	44.31	1.472 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 44.3 as stoploss in an intra day buy trade for a target of 46.04. However, stock will show a bearish move below 44.3.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	39.15
Downside Target	40.00
Downside Target	42.22
Downside Target	43.21
Upside Target	45.75
Upside Target	46.74
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	44.04
Downside Intraday Target	43.05
Upside Intraday Target	45.89
Upside Intraday Target	46.75
Downside Intraday Target	44.9

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	45.04	43.90	45.75	43.90	0.212 times
16 Fri Aug 2024	43.84	47.50	47.50	42.22	0.474 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

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
19 Mon Aug 2024	45.04	49.60	50.13	42.22	0.275 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indo Rama in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indo Rama in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 45.23 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.