(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)
10 day averaged volume of Indo Rama is 171104
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 44.65 | 44.05 | 44.95 | 43.20 | 0.472 times |
| 16 Thu May 2024 | 43.65 | 43.45 | 44.15 | 42.65 | 1.346 times |
| 15 Wed May 2024 | 42.65 | 42.85 | 43.60 | 42.30 | 0.502 times |
| 14 Tue May 2024 | 42.50 | 41.65 | 42.80 | 41.65 | 0.353 times |
| 13 Mon May 2024 | 41.60 | 42.25 | 43.95 | 40.75 | 2.375 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 45.3 as stoploss in an intra day sell trade for a target of 43.89. However, stock will show a bullish move above 45.3.
Share price targets for Indo Rama (INDORAMA)
| Target Type | Value |
| Downside Target | 36.40 |
| Downside Target | 39.15 |
| Downside Target | 40.75 |
| Downside Target | 42.55 |
| Downside Target | 44.05 |
| Upside Target | 46.90 |
| Upside Target | 47.40 |
| Upside Target | 49.60 |
| Upside Target | 51.80 |
| Upside Target | 52.50 |
| Upside Target | 65.95 |
| Upside Target | 67.10 |
Intraday share price targets for Indo Rama (INDORAMA)
| Target Type | Value |
| Downside Intraday Target | 41.95 |
| Downside Intraday Target | 39.25 |
| Upside Intraday Target | 46.15 |
| Upside Intraday Target | 47.65 |
| Downside Intraday Target | 43.45 |
Weekly technical analysis of Indo Rama (INDORAMA)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 44.65 | 42.25 | 44.95 | 40.75 | 1.019 times |
| 10 Fri May 2024 | 41.95 | 44.55 | 44.80 | 41.00 | 2.387 times |
| 03 Fri May 2024 | 44.55 | 46.30 | 46.30 | 44.20 | 0.354 times |
| 26 Fri Apr 2024 | 45.55 | 44.05 | 46.55 | 44.05 | 1.399 times |
| 19 Fri Apr 2024 | 44.15 | 43.20 | 46.90 | 42.55 | 0.56 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 |
| 17 Fri May 2024 | 44.65 | 45.75 | 45.80 | 40.75 | 0.356 times |
| 30 Tue Apr 2024 | 45.40 | 39.15 | 47.40 | 39.15 | 0.58 times |
| 28 Thu Mar 2024 | 38.85 | 51.90 | 52.50 | 36.40 | 0.626 times |
| 29 Thu Feb 2024 | 51.85 | 65.75 | 65.95 | 49.60 | 0.74 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 24, 16, 19 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 65 | None |
| CCI | 161 | Buy |
| RSI | 49 | Sell |
| OBV | 58234 | Sell |
| VWAP | 42 | Buy |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| Force Index | 0 | Sell |
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 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 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 BUY. Signal strength is Weak 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 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 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 but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 42.48 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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