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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 2024-12-04 View latest technical analysis

10 day averaged volume of Indo Rama is 101984

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	42.71	42.68	43.03	41.83	1.305 times
03 Tue Dec 2024	42.30	42.79	42.79	42.00	0.861 times
02 Mon Dec 2024	41.95	41.06	43.90	41.06	2.479 times
29 Fri Nov 2024	41.09	41.85	41.89	40.84	0.669 times
28 Thu Nov 2024	41.86	41.41	42.75	41.41	1.053 times
27 Wed Nov 2024	41.56	39.70	41.89	39.36	1.377 times
26 Tue Nov 2024	39.50	40.79	40.79	39.00	0.544 times
25 Mon Nov 2024	39.85	39.98	40.30	39.40	0.877 times
22 Fri Nov 2024	39.33	38.27	39.85	38.05	0.907 times
21 Thu Nov 2024	38.27	38.72	39.09	38.01	0.478 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 42.5, but if it comes below 42.5, then a intra day sell could be more profitable.
If you take a sell trade below 42.5, then use 42.5 as stoploss and 40.77 as target. However if you take a buy trade in stock , then use 42.5 as stoploss and 44.5 as target.

Share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Target	37.71
Downside Target	39.00
Downside Target	39.85
Downside Target	41.06
Upside Target	43.90
Upside Target	44.24
Upside Target	46.60
Upside Target	50.49
Upside Target	51.00
Upside Target	59.50

Intraday share price targets for Indo Rama (INDORAMA)

Target Type	Value
Downside Intraday Target	41.21
Downside Intraday Target	39.72
Upside Intraday Target	44.05
Upside Intraday Target	45.4
Downside Intraday Target	42.56

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	42.71	41.06	43.90	41.06	1.028 times
29 Fri Nov 2024	41.09	39.98	42.75	39.00	1.417 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

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
04 Wed Dec 2024	42.71	41.06	43.90	41.06	0.27 times
29 Fri Nov 2024	41.09	42.32	44.24	37.71	0.311 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Indo Rama ( (INDORAMA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. 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.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 41.27 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 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 is giving positive 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.