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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 2024-08-23 View latest technical analysis

10 day averaged volume of Indo Rama is 140771

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	47.87	47.80	49.00	47.01	2.302 times
22 Thu Aug 2024	46.91	46.40	47.80	46.05	1.12 times
21 Wed Aug 2024	45.87	45.25	46.89	45.25	1.002 times
20 Tue Aug 2024	45.46	45.60	46.34	45.00	0.704 times
19 Mon Aug 2024	45.04	43.90	45.75	43.90	0.926 times
16 Fri Aug 2024	43.84	44.10	44.64	43.50	0.571 times
14 Wed Aug 2024	43.98	44.80	44.98	42.22	1.852 times
13 Tue Aug 2024	44.96	46.05	46.86	44.93	0.935 times
12 Mon Aug 2024	46.13	47.50	47.50	45.61	1.008 times
09 Fri Aug 2024	45.79	46.50	47.06	45.60	0.7 times

Stock of Indo Rama (INDORAMA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 48 as stoploss in an intra day sell trade for a target of 46.42. However, stock will show a bullish move above 48.

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
Downside Target	45.80
Downside Target	46.74
Upside Target	47.90
Upside Target	49.00
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	44.85
Downside Intraday Target	41.82
Upside Intraday Target	49.95
Upside Intraday Target	52.02
Downside Intraday Target	46.92

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	47.87	43.90	49.00	43.90	1.386 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
23 Fri Aug 2024	47.87	49.60	50.13	42.22	0.356 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 45.82 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.