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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 2024-11-11 View latest technical analysis

10 day averaged volume of Indo Rama is 106523

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	40.30	41.90	41.90	39.51	1.737 times
08 Fri Nov 2024	42.62	43.59	43.59	42.16	0.803 times
07 Thu Nov 2024	43.23	43.58	44.24	43.11	0.849 times
06 Wed Nov 2024	43.50	43.00	43.90	42.51	1.119 times
05 Tue Nov 2024	42.63	42.11	43.29	42.05	0.948 times
04 Mon Nov 2024	42.38	42.88	42.97	41.60	0.874 times
01 Fri Nov 2024	42.88	42.32	42.98	42.31	0.412 times
31 Thu Oct 2024	42.14	42.05	42.65	41.75	0.859 times
30 Wed Oct 2024	41.86	41.00	42.24	40.96	1.082 times
29 Tue Oct 2024	40.97	40.01	41.50	39.88	0.711 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.4, but if it comes above 40.4, then a intra day buy could be more profitable.
If you take a sell trade below 40.4, then use 40.4 as stoploss and 37.6 as target. However if you take a buy trade in stock , then use 40.4 as stoploss and 42.7 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	38.22
Upside Target	41.60
Upside Target	44.15
Upside Target	44.24
Upside Target	45.49
Upside Target	46.60
Upside Target	49.19
Upside Target	50.49
Upside Target	51.00
Upside Target	51.98
Upside Target	59.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	39.24
Downside Intraday Target	38.18
Upside Intraday Target	41.63
Upside Intraday Target	42.96
Upside Intraday Target	40.57

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	40.30	41.90	41.90	39.51	0.378 times
08 Fri Nov 2024	42.62	42.88	44.24	41.60	0.849 times
01 Fri Nov 2024	42.88	40.74	42.98	38.97	0.389 times
25 Fri Oct 2024	40.15	45.46	45.49	38.22	1.249 times
18 Fri Oct 2024	45.12	47.46	49.19	44.15	0.719 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
11 Mon Nov 2024	40.30	42.32	44.24	39.51	0.127 times
31 Thu Oct 2024	42.14	49.90	50.49	38.22	0.213 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

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

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term but the buy signal is initial and weak.

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 and selling is picking up 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 42.08 and Indo Rama (INDORAMA) stock is trading below this level. This means that stock is falling with high volumes. 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 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.