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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 2024-12-16 View latest technical analysis

10 day averaged volume of Indo Rama is 198628

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	43.94	44.44	44.89	43.85	0.426 times
13 Fri Dec 2024	43.69	43.35	44.50	42.71	0.431 times
12 Thu Dec 2024	44.14	45.29	45.48	44.07	0.414 times
11 Wed Dec 2024	45.29	46.29	46.29	45.07	0.631 times
10 Tue Dec 2024	46.05	45.90	46.48	45.49	1.01 times
09 Mon Dec 2024	45.86	43.34	46.35	43.13	3.441 times
06 Fri Dec 2024	43.34	43.47	43.89	42.92	0.468 times
05 Thu Dec 2024	43.09	42.69	43.98	42.60	1.219 times
04 Wed Dec 2024	42.71	42.68	43.03	41.83	0.67 times
03 Tue Dec 2024	42.30	42.79	42.79	42.00	0.442 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 44.4 as stoploss in an intra day sell trade for a target of 42.06. However, stock will show a bullish move above 44.4.

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
Downside Target	42.22
Downside Target	43.85
Upside Target	44.89
Upside Target	46.48
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	43.56
Downside Intraday Target	43.19
Upside Intraday Target	44.6
Upside Intraday Target	45.27
Upside Intraday Target	44.23

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	43.94	44.44	44.89	43.85	0.072 times
13 Fri Dec 2024	43.69	43.34	46.48	42.71	1.455 times
06 Fri Dec 2024	43.34	41.06	43.98	41.06	1.755 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

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
16 Mon Dec 2024	43.94	41.06	46.48	41.06	1.178 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 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Indo Rama in short term and the buy 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 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 44.67 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 is giving positive 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.