(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 101816
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 38.86 | 38.71 | 39.83 | 38.61 | 0.756 times |
| 18 Mon Nov 2024 | 38.61 | 38.74 | 39.05 | 37.71 | 1.052 times |
| 14 Thu Nov 2024 | 38.74 | 38.51 | 39.80 | 38.20 | 1.132 times |
| 13 Wed Nov 2024 | 38.78 | 39.70 | 40.05 | 38.50 | 0.819 times |
| 12 Tue Nov 2024 | 39.69 | 40.65 | 40.92 | 39.50 | 0.534 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.4, but if it comes above 39.4, then a intra day buy could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 41 as target.
Share price targets for Indo Rama (INDORAMA)
| Target Type | Value |
| Downside Target | 37.71 |
| Upside Target | 39.83 |
| Upside Target | 40.96 |
| Upside Target | 43.21 |
| Upside Target | 44.24 |
| Upside Target | 46.60 |
| Upside Target | 50.49 |
| Upside Target | 51.00 |
| Upside Target | 51.98 |
| Upside Target | 59.50 |
Intraday share price targets for Indo Rama (INDORAMA)
| Target Type | Value |
| Downside Intraday Target | 37.77 |
| Downside Intraday Target | 36.68 |
| Upside Intraday Target | 39.89 |
| Upside Intraday Target | 40.92 |
| Downside Intraday Target | 38.8 |
Weekly technical analysis of Indo Rama (INDORAMA)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 38.86 | 38.74 | 39.83 | 37.71 | 0.42 times |
| 14 Thu Nov 2024 | 38.74 | 41.90 | 41.90 | 38.20 | 0.895 times |
| 08 Fri Nov 2024 | 42.62 | 42.88 | 44.24 | 41.60 | 1.952 times |
| 01 Fri Nov 2024 | 42.88 | 41.00 | 42.98 | 40.96 | 0.569 times |
| 30 Wed Oct 2024 | 41.86 | 40.74 | 42.24 | 38.97 | 0.298 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 |
| 19 Tue Nov 2024 | 38.86 | 42.32 | 44.24 | 37.71 | 0.201 times |
| 31 Thu Oct 2024 | 42.14 | 49.90 | 50.49 | 38.22 | 0.218 times |
| 30 Mon Sep 2024 | 49.70 | 47.90 | 59.50 | 46.60 | 4.655 times |
| 30 Fri Aug 2024 | 47.61 | 49.60 | 51.00 | 42.22 | 0.636 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 | 14, 32, 38 | Sell |
| MACD | -3, -3 | Sell |
| Stochastics | 13 | Sell |
| CCI | -65 | Buy |
| RSI | 44 | Sell |
| OBV | -319789 | Sell |
| VWAP | 41 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
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 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 Strong 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 weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 40.74 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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