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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 2024-02-20 View latest technical analysis

10 day averaged volume of Amara Raja is 328207

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	852.05	855.30	868.00	849.00	1.017 times
19 Mon Feb 2024	855.30	865.85	869.75	853.20	0.592 times
16 Fri Feb 2024	862.65	866.05	878.90	860.00	0.598 times
15 Thu Feb 2024	864.40	863.90	872.95	858.50	0.706 times
14 Wed Feb 2024	859.50	833.05	865.00	829.85	1.039 times
13 Tue Feb 2024	844.85	845.90	852.25	810.10	1.34 times
12 Mon Feb 2024	845.45	870.70	874.45	843.00	1.063 times
09 Fri Feb 2024	870.70	880.00	884.75	855.10	1.079 times
08 Thu Feb 2024	878.30	892.75	895.65	874.00	0.992 times
07 Wed Feb 2024	885.45	893.00	900.65	882.00	0.909 times

My analysis of stock is bearish for shortterm, and stock might move down till 827.6 or till 792.2. Use a stoploss of 857.02 and if the stock hits stoploss, then it can shoot up till 886.48

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	810.10
Downside Target	849.00
Upside Target	855.10
Upside Target	869.75
Upside Target	878.90
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	844.12
Downside Intraday Target	836.18
Upside Intraday Target	864.87
Upside Intraday Target	877.68
Upside Intraday Target	856.93

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	852.05	865.85	869.75	849.00	0.339 times
16 Fri Feb 2024	862.65	870.70	878.90	810.10	0.72 times
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

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
20 Tue Feb 2024	852.05	900.00	915.55	810.10	0.409 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Amara Raja ( (ARENM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Amara Raja ( (ARENM) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Amara Raja in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 861.11 and Amara Raja (ARENM) 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 Amara Raja (ARENM) stock. Volume based technical analysis of Amara Raja (ARENM) stock is negative.

Amara Raja Stock has given negative 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.