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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)

Showing technical analysis as on 2024-06-05 View latest technical analysis

10 day averaged volume of Indo Rama is 11088

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	40.25	39.57	40.29	38.99	0.756 times
04 Tue Jun 2024	38.79	41.45	41.45	38.00	3.749 times
03 Mon Jun 2024	40.31	43.80	43.80	40.03	1.893 times
31 Fri May 2024	40.34	41.21	41.21	40.10	0.495 times
30 Thu May 2024	40.82	41.00	41.39	40.57	0.15 times
29 Wed May 2024	41.40	42.95	42.95	41.21	0.294 times
28 Tue May 2024	41.31	40.72	42.00	40.72	0.271 times
27 Mon May 2024	41.55	42.00	42.00	41.00	0.585 times
24 Fri May 2024	41.86	42.74	43.15	41.80	1.882 times
23 Thu May 2024	42.05	42.30	43.05	42.00	0.446 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.5, but if it comes above 40.5, then a intra day buy could be more profitable.
If you take a sell trade below 40.5, then use 40.5 as stoploss and 38.9 as target. However if you take a buy trade in stock , then use 40.5 as stoploss and 41.73 as target.

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	43.80
Upside Target	44.09
Upside Target	44.88
Upside Target	45.70
Upside Target	47.39
Upside Target	49.55
Upside Target	52.83
Upside Target	66.00

Intraday share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Intraday Target	37.57
Downside Intraday Target	34.88
Upside Intraday Target	43.37
Upside Intraday Target	46.48
Upside Intraday Target	40.68

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	40.25	43.80	43.80	38.00	3.563 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indo Rama (IndoRama)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	40.25	43.80	43.80	38.00	0.299 times
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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indo Rama Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 BUY signal in short term and the buying is gaining 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 40.25 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.