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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 2024-02-09 View latest technical analysis

10 day averaged volume of Amara Raja is 844966

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	870.70	880.00	884.75	855.10	0.419 times
08 Thu Feb 2024	878.30	892.75	895.65	874.00	0.385 times
07 Wed Feb 2024	885.45	893.00	900.65	882.00	0.353 times
06 Tue Feb 2024	887.35	891.00	915.00	884.95	0.653 times
05 Mon Feb 2024	890.80	903.90	915.55	886.05	0.752 times
02 Fri Feb 2024	895.30	885.10	903.55	876.30	0.93 times
01 Thu Feb 2024	880.30	900.00	900.00	875.05	0.998 times
31 Wed Jan 2024	889.05	842.00	900.00	840.25	3.613 times
30 Tue Jan 2024	838.20	840.00	848.00	829.80	0.69 times
29 Mon Jan 2024	837.95	814.70	841.50	813.95	0.996 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 878.5 as stoploss in an intra day sell trade for a target of 840.58. However, stock will show a bullish move above 878.5.

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	813.95
Downside Target	840.00
Downside Target	855.10
Upside Target	900.00
Upside Target	903.55
Upside Target	915.55

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	845.35
Downside Intraday Target	820
Upside Intraday Target	905.8
Upside Intraday Target	940.9
Upside Intraday Target	880.45

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	870.70	903.90	915.55	855.10	0.355 times
02 Fri Feb 2024	895.30	814.70	903.55	813.95	3.798 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

Price has moved down 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 Amara Raja (ARENM)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	870.70	900.00	915.55	855.10	0.264 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 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 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 Weak and stock is losing momentum.

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

Amara Raja Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Amara Raja in short term and SELL 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 Amara Raja is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 878.65 and Amara Raja (ARENM) stock is trading below this level. This means that stock is falling with high volumes. 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.