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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 2024-02-21 View latest technical analysis

10 day averaged volume of Amara Raja is 306415

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	842.55	859.95	887.25	838.05	2.452 times
20 Tue Feb 2024	852.05	855.30	868.00	849.00	1.09 times
19 Mon Feb 2024	855.30	865.85	869.75	853.20	0.634 times
16 Fri Feb 2024	862.65	866.05	878.90	860.00	0.641 times
15 Thu Feb 2024	864.40	863.90	872.95	858.50	0.757 times
14 Wed Feb 2024	859.50	833.05	865.00	829.85	1.113 times
13 Tue Feb 2024	844.85	845.90	852.25	810.10	1.436 times
12 Mon Feb 2024	845.45	870.70	874.45	843.00	1.139 times
09 Fri Feb 2024	870.70	880.00	884.75	855.10	1.156 times
08 Thu Feb 2024	878.30	892.75	895.65	874.00	1.062 times

Stock of Amara Raja (ARENM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 834.2 as stoploss in an intra day buy trade for a target of 859.65. However, stock will show a bearish move below 834.2.

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
Upside Target	855.10
Upside Target	878.90
Upside Target	887.25
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	824.65
Downside Intraday Target	806.75
Upside Intraday Target	873.85
Upside Intraday Target	905.15
Upside Intraday Target	855.95

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	842.55	865.85	887.25	838.05	0.821 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
21 Wed Feb 2024	842.55	900.00	915.55	810.10	0.461 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 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 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 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 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 in or below 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 855.08 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.