(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 2024-05-31 View latest technical analysis
10 day averaged volume of Indo Rama is 9752
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 40.34 | 41.21 | 41.21 | 40.10 | 0.563 times |
| 30 Thu May 2024 | 40.82 | 41.00 | 41.39 | 40.57 | 0.171 times |
| 29 Wed May 2024 | 41.40 | 42.95 | 42.95 | 41.21 | 0.335 times |
| 28 Tue May 2024 | 41.31 | 40.72 | 42.00 | 40.72 | 0.308 times |
| 27 Mon May 2024 | 41.55 | 42.00 | 42.00 | 41.00 | 0.666 times |
| 24 Fri May 2024 | 41.86 | 42.74 | 43.15 | 41.80 | 2.14 times |
| 23 Thu May 2024 | 42.05 | 42.30 | 43.05 | 42.00 | 0.507 times |
| 22 Wed May 2024 | 42.00 | 41.66 | 43.17 | 41.66 | 0.268 times |
| 21 Tue May 2024 | 42.12 | 43.70 | 43.70 | 42.06 | 2.309 times |
| 18 Sat May 2024 | 43.73 | 43.44 | 44.00 | 42.85 | 0.228 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 40, for a target of 41.2 or 42.18
Share price targets for Indo Rama (IndoRama)
| Target Type | Value |
| Downside Target | 37.50 |
| Downside Target | 39.50 |
| Upside Target | 41.00 |
| Upside Target | 42.95 |
| Upside Target | 45.70 |
| Upside Target | 46.29 |
| 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 | 39.31 |
| Downside Intraday Target | 38.28 |
| Upside Intraday Target | 42.16 |
| Upside Intraday Target | 43.98 |
| Upside Intraday Target | 41.13 |
Weekly technical analysis of Indo Rama (IndoRama)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 40.34 | 42.00 | 42.95 | 40.10 | 0.391 times |
| 24 Fri May 2024 | 41.86 | 43.70 | 43.70 | 41.66 | 0.489 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 |
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 |
| 31 Fri May 2024 | 40.34 | 45.50 | 45.70 | 40.10 | 0.366 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong and stock is gaining 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 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 41.81 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.
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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Indo Rama stock for short term is SELL. Signal strength is Strong and stock is gaining 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 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 BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 41.81 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.
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