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(ARENM) Amara Raja complete technical analysis [charts+indicators] | Buy/Sell Amara Raja | (ARENM) share price targets

Complete technical analysis of Amara Raja (ARENM) by charts plus indicators, forecast predictions and share price targets for Amara Raja (ARENM)

Showing technical analysis as on 2024-02-01 View latest technical analysis

10 day averaged volume of Amara Raja is 774101

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	880.30	900.00	900.00	875.05	1.089 times
31 Wed Jan 2024	889.05	842.00	900.00	840.25	3.944 times
30 Tue Jan 2024	838.20	840.00	848.00	829.80	0.753 times
29 Mon Jan 2024	837.95	814.70	841.50	813.95	1.087 times
25 Thu Jan 2024	813.10	804.70	816.00	802.05	0.688 times
24 Wed Jan 2024	799.70	790.05	804.90	777.85	0.512 times
23 Tue Jan 2024	790.05	818.45	818.45	787.50	0.594 times
22 Mon Jan 2024	808.15	819.50	819.75	805.20	0.282 times
19 Fri Jan 2024	817.00	818.10	820.50	805.25	0.554 times
18 Thu Jan 2024	811.30	796.95	818.10	771.65	0.94 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 875.7, for a target of 845.5 or 820.36

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	609.00
Downside Target	644.00
Downside Target	711.60
Downside Target	771.65
Downside Target	807.05
Downside Target	831.00
Downside Target	840.00
Downside Target	843.00
Downside Target	875.05
Upside Target	900.00

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	829.5
Downside Intraday Target	778.7
Upside Intraday Target	915.55
Upside Intraday Target	950.8
Downside Intraday Target	864.75

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	880.30	814.70	900.00	813.95	3.31 times
25 Thu Jan 2024	813.10	819.50	819.75	777.85	0.548 times
19 Fri Jan 2024	817.00	813.00	824.80	771.65	1.216 times
12 Fri Jan 2024	802.45	840.00	840.00	791.25	0.819 times
05 Fri Jan 2024	834.95	819.65	843.00	807.05	0.492 times

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

Monthly technical analysis of Amara Raja (ARENM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	880.30	900.00	900.00	875.05	0.059 times
31 Wed Jan 2024	889.05	819.65	900.00	771.65	0.59 times
29 Fri Dec 2023	816.00	716.20	831.00	716.00	2.02 times
30 Thu Nov 2023	710.05	628.00	711.60	616.00	10.747 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 Amara Raja (ARENM)

Price action analysis of Amara Raja ( (ARENM) ) 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 Amara Raja ( (ARENM) ) based on a short to mid 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 Amara Raja ( (ARENM) ) 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 Amara Raja stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Amara Raja in short term and the buy signal is strong.

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

Amara Raja Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Amara Raja in short term and BUY signal is strong.

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 Amara Raja is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 851.13 and Amara Raja (ARENM) 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 Amara Raja (ARENM) stock. Volume based technical analysis of Amara Raja (ARENM) stock is negative.

Amara Raja Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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