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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 2024-09-11 View latest technical analysis

10 day averaged volume of Indo Rama is 491650

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	51.31	48.90	53.55	48.45	4.346 times
10 Tue Sep 2024	48.78	47.88	48.97	47.88	0.252 times
09 Mon Sep 2024	47.40	48.00	48.79	47.11	0.279 times
06 Fri Sep 2024	48.05	49.50	50.64	47.70	0.43 times
05 Thu Sep 2024	49.81	51.05	51.44	49.52	0.5 times
04 Wed Sep 2024	50.58	50.00	52.70	49.24	1.806 times
03 Tue Sep 2024	50.05	48.60	50.45	48.11	1.013 times
02 Mon Sep 2024	48.45	47.90	49.85	46.60	1.243 times
30 Fri Aug 2024	47.61	48.40	49.04	47.35	0.332 times
29 Thu Aug 2024	48.40	46.60	51.00	45.71	3.867 times

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

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 51.9, for a target of 49.5 or 47.47

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	40.00
Downside Target	42.22
Downside Target	43.21
Downside Target	45.71
Downside Target	49.00
Downside Target	51.00
Upside Target	51.98
Upside Target	52.70
Upside Target	53.55

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	47.76
Downside Intraday Target	44.22
Upside Intraday Target	54.2
Upside Intraday Target	57.1
Downside Intraday Target	50.66

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	51.31	48.00	53.55	47.11	0.977 times
06 Fri Sep 2024	48.05	47.90	52.70	46.60	0.981 times
30 Fri Aug 2024	47.61	48.50	51.00	45.71	2.936 times
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

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
11 Wed Sep 2024	51.31	47.90	53.55	46.60	0.854 times
30 Fri Aug 2024	47.61	49.60	51.00	42.22	0.636 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

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 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 short term time period is neutral. A longer time frame might give a better analysis.

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. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining 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 49.71 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.