Stock analysis Indo Rama Synthetics (India) Limited INDORAMA
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Recent prices of INDORAMA Indo Rama Synthetics (India) Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 26 Thu Dec 2024 | 39.69 | 39.37 to 40.55 | -1.19% | 0.69 times |
| 24 Tue Dec 2024 | 40.17 | 40.00 to 41.37 | 0.05% | 0.68 times |
| 23 Mon Dec 2024 | 40.15 | 40.00 to 41.14 | -0.27% | 0.93 times |
| 20 Fri Dec 2024 | 40.26 | 40.05 to 42.68 | -3.75% | 1.19 times |
| 19 Thu Dec 2024 | 41.83 | 41.66 to 42.90 | -2.9% | 2.02 times |
| 18 Wed Dec 2024 | 43.08 | 42.56 to 44.08 | 0% | 1.1 times |
| 18 Wed Dec 2024 | 43.08 | 42.56 to 44.08 | -0.62% | 1.1 times |
| 17 Tue Dec 2024 | 43.35 | 43.17 to 44.36 | -1.34% | 0.41 times |
| 16 Mon Dec 2024 | 43.94 | 43.85 to 44.89 | 0.57% | 0.86 times |
| 13 Fri Dec 2024 | 43.69 | 42.71 to 44.50 | -1.02% | 0.87 times |
| 12 Thu Dec 2024 | 44.14 | 44.07 to 45.48 | -2.54% | 0.84 times |
| 11 Wed Dec 2024 | 45.29 | 45.07 to 46.29 | -1.65% | 1.28 times |
Technical analysis forecast for Indo Rama Synthetics (India) Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Indo Rama Synthetics (India) Limited INDORAMA at this time. Stock is falling and might fall more.
It appears as if Indo Rama Synthetics (India) Limited INDORAMA gave a large move recently.
Stock of Indo Rama Synthetics (India) Limited (INDORAMA) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Indo Rama Synthetics (India) Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Indo Rama Synthetics (India) Limited stays below 40.2, but if it comes above 40.2, then a intra day buy could be more profitable.
If you take a sell trade below 40.2, then use 40.2 as stoploss and 38 as target. However if you take a buy trade in Indo Rama Synthetics (India) Limited, then use 40.2 as stoploss and 41.97 as target.