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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 2024-10-18 View latest technical analysis

10 day averaged volume of Indo Rama is 294844

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	45.12	45.45	45.61	44.15	0.444 times
17 Thu Oct 2024	45.34	48.01	48.15	44.60	1.265 times
16 Wed Oct 2024	48.02	48.00	49.19	47.80	0.693 times
15 Tue Oct 2024	47.81	46.55	49.01	46.47	1.222 times
14 Mon Oct 2024	46.56	47.46	47.46	46.44	0.398 times
11 Fri Oct 2024	47.46	47.93	48.50	46.46	1.041 times
10 Thu Oct 2024	47.43	45.26	48.20	45.12	1.394 times
09 Wed Oct 2024	45.25	44.11	46.95	44.11	1.065 times
08 Tue Oct 2024	43.94	43.64	45.14	43.32	0.953 times
07 Mon Oct 2024	43.32	46.45	47.04	41.85	1.144 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.4, but if it comes above 45.4, then a intra day buy could be more profitable.
If you take a sell trade below 45.4, then use 45.4 as stoploss and 43.2 as target. However if you take a buy trade in stock , then use 45.4 as stoploss and 47.32 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.50
Downside Target	41.85
Downside Target	43.21
Downside Target	44.15
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	43.12
Downside Intraday Target	41.11
Upside Intraday Target	48.16
Upside Intraday Target	51.19
Upside Intraday Target	46.15

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	45.12	47.46	49.19	44.15	0.719 times
11 Fri Oct 2024	47.46	46.45	48.50	41.85	1.3 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

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
18 Fri Oct 2024	45.12	49.90	50.49	41.85	0.137 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong and stock is gaining 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Indo Rama in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 46.03 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.