Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-08 View latest technical analysis

10 day averaged volume of Indo Rama is 410989

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	43.94	43.64	45.14	43.32	0.684 times
07 Mon Oct 2024	43.32	46.45	47.04	41.85	0.82 times
04 Fri Oct 2024	46.41	47.62	47.84	46.20	0.593 times
03 Thu Oct 2024	47.44	48.59	49.00	47.25	0.607 times
01 Tue Oct 2024	48.86	49.90	50.49	48.71	0.731 times
30 Mon Sep 2024	49.70	50.40	51.35	49.31	1.156 times
27 Fri Sep 2024	50.36	48.02	51.75	48.02	3.216 times
26 Thu Sep 2024	48.07	48.35	49.25	47.92	0.537 times
25 Wed Sep 2024	48.85	48.55	49.60	48.20	0.738 times
24 Tue Sep 2024	48.37	49.46	49.88	48.16	0.639 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.3, but if it comes above 46.3, then a intra day buy could be more profitable.
If you take a sell trade below 46.3, then use 46.3 as stoploss and 42.3 as target. However if you take a buy trade in stock , then use 46.3 as stoploss and 49.74 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	41.85
Downside Target	43.21
Upside Target	46.20
Upside Target	50.49
Upside Target	51.00
Upside Target	51.35
Upside Target	51.75
Upside Target	51.98
Upside Target	54.95
Upside Target	59.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	41.51
Downside Intraday Target	39.09
Upside Intraday Target	46.7
Upside Intraday Target	49.47
Upside Intraday Target	44.28

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	43.94	46.45	47.04	41.85	0.487 times
04 Fri Oct 2024	46.41	50.40	51.35	46.20	0.507 times
27 Fri Sep 2024	50.36	49.05	51.75	47.92	0.722 times
20 Fri Sep 2024	49.02	54.65	54.95	48.10	0.198 times
13 Fri Sep 2024	54.45	48.00	59.50	47.11	7.147 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
08 Tue Oct 2024	43.94	49.90	50.49	41.85	0.053 times
30 Mon Sep 2024	49.70	47.90	59.50	46.60	4.655 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 48.33 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.