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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 2024-11-25 View latest technical analysis

10 day averaged volume of Indo Rama is 93921

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	39.85	39.98	40.30	39.40	0.952 times
22 Fri Nov 2024	39.33	38.27	39.85	38.05	0.985 times
21 Thu Nov 2024	38.27	38.72	39.09	38.01	0.519 times
19 Tue Nov 2024	38.86	38.71	39.83	38.61	0.82 times
18 Mon Nov 2024	38.61	38.74	39.05	37.71	1.14 times
14 Thu Nov 2024	38.74	38.51	39.80	38.20	1.227 times
13 Wed Nov 2024	38.78	39.70	40.05	38.50	0.888 times
12 Tue Nov 2024	39.69	40.65	40.92	39.50	0.578 times
11 Mon Nov 2024	40.30	41.90	41.90	39.51	1.97 times
08 Fri Nov 2024	42.62	43.59	43.59	42.16	0.91 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 39.1 as stoploss in an intra day buy trade for a target of 40.76. However, stock will show a bearish move below 39.1.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.71
Upside Target	41.60
Upside Target	42.98
Upside Target	43.21
Upside Target	44.24
Upside Target	46.60
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	39.4
Downside Intraday Target	38.95
Upside Intraday Target	40.3
Upside Intraday Target	40.75
Downside Intraday Target	39.85

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	39.85	39.98	40.30	39.40	0.275 times
22 Fri Nov 2024	39.33	38.74	39.85	37.71	0.743 times
14 Thu Nov 2024	38.74	41.90	41.90	38.20	0.895 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

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
25 Mon Nov 2024	39.85	42.32	44.24	37.71	0.246 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 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 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 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 Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 39.59 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 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.