(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)
Showing technical analysis as on 2024-05-23 View latest technical analysis
10 day averaged volume of Indo Rama is 14268
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 42.05 | 42.30 | 43.05 | 42.00 | 0.346 times |
| 22 Wed May 2024 | 42.00 | 41.66 | 43.17 | 41.66 | 0.183 times |
| 21 Tue May 2024 | 42.12 | 43.70 | 43.70 | 42.06 | 1.578 times |
| 18 Sat May 2024 | 43.73 | 43.44 | 44.00 | 42.85 | 0.156 times |
| 17 Fri May 2024 | 44.55 | 43.69 | 44.88 | 43.69 | 2.099 times |
| 16 Thu May 2024 | 43.42 | 41.76 | 44.26 | 41.76 | 0.354 times |
| 15 Wed May 2024 | 42.61 | 42.19 | 43.35 | 42.19 | 0.072 times |
| 14 Tue May 2024 | 42.59 | 41.10 | 43.05 | 41.10 | 0.138 times |
| 13 Mon May 2024 | 41.59 | 41.07 | 43.75 | 41.00 | 4.488 times |
| 10 Fri May 2024 | 41.87 | 41.00 | 42.25 | 41.00 | 0.3 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 42 as stoploss in an intra day buy trade for a target of 43.35. However, stock will show a bearish move below 42.
Share price targets for Indo Rama (IndoRama)
| Target Type | Value |
| Downside Target | 37.50 |
| Downside Target | 39.50 |
| Downside Target | 41.00 |
| Upside Target | 43.70 |
| Upside Target | 46.29 |
| Upside Target | 46.55 |
| Upside Target | 47.39 |
| Upside Target | 49.55 |
| Upside Target | 51.60 |
| Upside Target | 52.83 |
| Upside Target | 66.00 |
| Upside Target | 67.03 |
Intraday share price targets for Indo Rama (IndoRama)
| Target Type | Value |
| Downside Intraday Target | 41.24 |
| Downside Intraday Target | 40.43 |
| Upside Intraday Target | 43.28 |
| Upside Intraday Target | 44.51 |
| Upside Intraday Target | 42.47 |
Weekly technical analysis of Indo Rama (IndoRama)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 42.05 | 43.70 | 43.70 | 41.66 | 0.288 times |
| 18 Sat May 2024 | 43.73 | 41.07 | 44.88 | 41.00 | 3.2 times |
| 10 Fri May 2024 | 41.87 | 44.01 | 44.09 | 41.00 | 0.638 times |
| 03 Fri May 2024 | 44.51 | 46.29 | 46.29 | 44.15 | 0.717 times |
| 26 Fri Apr 2024 | 45.38 | 45.02 | 46.55 | 44.58 | 0.437 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 |
| 23 Thu May 2024 | 42.05 | 45.50 | 45.70 | 41.00 | 0.303 times |
| 30 Tue Apr 2024 | 45.42 | 39.71 | 47.39 | 39.50 | 0.679 times |
| 28 Thu Mar 2024 | 38.93 | 52.83 | 52.83 | 37.50 | 0.796 times |
| 29 Thu Feb 2024 | 51.79 | 66.00 | 66.00 | 49.55 | 0.875 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Indo Rama in short term and the sell signal is strong.
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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Indo Rama in short term but BUY signal is weak.
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 42.47 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Indo Rama in short term and the sell signal is strong.
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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Indo Rama in short term but BUY signal is weak.
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 42.47 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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