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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 2024-12-19 View latest technical analysis

10 day averaged volume of Indo Rama is 174538

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	41.83	42.59	42.90	41.66	1.136 times
18 Wed Dec 2024	43.08	43.30	44.08	42.56	0.616 times
17 Tue Dec 2024	43.35	43.75	44.36	43.17	0.233 times
16 Mon Dec 2024	43.94	44.44	44.89	43.85	0.485 times
13 Fri Dec 2024	43.69	43.35	44.50	42.71	0.49 times
12 Thu Dec 2024	44.14	45.29	45.48	44.07	0.471 times
11 Wed Dec 2024	45.29	46.29	46.29	45.07	0.718 times
10 Tue Dec 2024	46.05	45.90	46.48	45.49	1.149 times
09 Mon Dec 2024	45.86	43.34	46.35	43.13	3.916 times
06 Fri Dec 2024	43.34	43.47	43.89	42.92	0.533 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.8 or till 38.6. Use a stoploss of 42.69 and if the stock hits stoploss, then it can shoot up till 44.55

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	43.98
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	40.7
Downside Intraday Target	39.56
Upside Intraday Target	43.93
Upside Intraday Target	46.02
Upside Intraday Target	42.79

Weekly technical analysis of Indo Rama (INDORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	41.83	44.44	44.89	41.66	0.366 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 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
19 Thu Dec 2024	41.83	41.06	46.48	41.06	1.376 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 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 short to mid 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 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 Weak and stock is gaining momentum.

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

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 44.71 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.