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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 2024-06-11 View latest technical analysis

10 day averaged volume of Indo Rama is 13940

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	42.52	41.80	42.95	41.80	1.008 times
10 Mon Jun 2024	42.14	41.50	43.20	41.50	2.271 times
07 Fri Jun 2024	41.83	40.50	42.29	40.50	0.719 times
06 Thu Jun 2024	40.75	40.25	41.90	40.25	0.959 times
05 Wed Jun 2024	40.25	39.57	40.29	38.99	0.601 times
04 Tue Jun 2024	38.79	41.45	41.45	38.00	2.982 times
03 Mon Jun 2024	40.31	43.80	43.80	40.03	1.505 times
31 Fri May 2024	40.34	41.21	41.21	40.10	0.394 times
30 Thu May 2024	40.82	41.00	41.39	40.57	0.119 times
29 Wed May 2024	41.40	42.95	42.95	41.21	0.234 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 43 as stoploss in an intra day sell trade for a target of 41.72. However, stock will show a bullish move above 43.

Share price targets for Indo Rama (IndoRama)

Target Type	Value
Downside Target	37.50
Downside Target	39.50
Downside Target	41.00
Upside Target	42.95
Upside Target	43.80
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	41.61
Downside Intraday Target	40.71
Upside Intraday Target	43.31
Upside Intraday Target	44.11
Downside Intraday Target	42.41

Weekly technical analysis of Indo Rama (IndoRama)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	42.52	41.50	43.20	41.50	0.485 times
07 Fri Jun 2024	41.83	43.80	43.80	38.00	4.737 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

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
11 Tue Jun 2024	42.52	43.80	43.80	38.00	0.591 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Indo Rama stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 BUY signal in short term but buying is losing 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 40.65 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.