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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 2024-02-23 View latest technical analysis

10 day averaged volume of Amara Raja is 345987

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	855.10	841.05	860.00	834.95	1.321 times
22 Thu Feb 2024	834.35	846.00	850.00	828.70	0.775 times
21 Wed Feb 2024	842.55	859.95	887.25	838.05	2.172 times
20 Tue Feb 2024	852.05	855.30	868.00	849.00	0.965 times
19 Mon Feb 2024	855.30	865.85	869.75	853.20	0.561 times
16 Fri Feb 2024	862.65	866.05	878.90	860.00	0.567 times
15 Thu Feb 2024	864.40	863.90	872.95	858.50	0.67 times
14 Wed Feb 2024	859.50	833.05	865.00	829.85	0.985 times
13 Tue Feb 2024	844.85	845.90	852.25	810.10	1.272 times
12 Mon Feb 2024	845.45	870.70	874.45	843.00	1.009 times

My analysis of stock is bearish for shortterm, and stock might move down till 844 or till 820.7. Use a stoploss of 863.48 and if the stock hits stoploss, then it can shoot up till 882.92

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	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	826.78
Downside Intraday Target	798.47
Upside Intraday Target	885.33
Upside Intraday Target	915.57
Upside Intraday Target	857.02

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	855.10	865.85	887.25	828.70	1.287 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
23 Fri Feb 2024	855.10	900.00	915.55	810.10	0.511 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 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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Amara Raja in short term but BUY signal is weak.

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 849.85 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 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.