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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 2024-10-10 View latest technical analysis

10 day averaged volume of Indo Rama is 404678

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	47.43	45.26	48.20	45.12	1.015 times
09 Wed Oct 2024	45.25	44.11	46.95	44.11	0.776 times
08 Tue Oct 2024	43.94	43.64	45.14	43.32	0.695 times
07 Mon Oct 2024	43.32	46.45	47.04	41.85	0.833 times
04 Fri Oct 2024	46.41	47.62	47.84	46.20	0.603 times
03 Thu Oct 2024	47.44	48.59	49.00	47.25	0.616 times
01 Tue Oct 2024	48.86	49.90	50.49	48.71	0.743 times
30 Mon Sep 2024	49.70	50.40	51.35	49.31	1.174 times
27 Fri Sep 2024	50.36	48.02	51.75	48.02	3.266 times
26 Thu Sep 2024	48.07	48.35	49.25	47.92	0.545 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 45.8 as stoploss in an intra day buy trade for a target of 49.37. However, stock will show a bearish move below 45.8.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	41.85
Downside Target	43.21
Downside 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	43.45
Downside Intraday Target	39.48
Upside Intraday Target	49.8
Upside Intraday Target	52.18
Downside Intraday Target	45.83

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	47.43	46.45	48.20	41.85	1.058 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 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
10 Thu Oct 2024	47.43	49.90	50.49	41.85	0.081 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

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 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 negative zone. This is the SELL 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 47.97 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 positive

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