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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 2024-03-21 View latest technical analysis

10 day averaged volume of Amara Raja is 767114

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	756.15	758.00	769.80	751.25	1.347 times
20 Wed Mar 2024	748.35	770.55	779.90	737.70	0.804 times
19 Tue Mar 2024	770.55	793.90	793.90	764.45	0.728 times
18 Mon Mar 2024	788.65	795.00	806.90	785.00	0.677 times
15 Fri Mar 2024	792.30	800.00	810.35	780.85	1.038 times
14 Thu Mar 2024	798.90	783.15	814.10	772.25	1.027 times
13 Wed Mar 2024	783.15	841.10	850.55	764.00	1.954 times
12 Tue Mar 2024	841.10	881.95	889.80	838.00	0.919 times
11 Mon Mar 2024	881.70	872.00	895.15	864.00	1.349 times
07 Thu Mar 2024	869.35	845.05	885.00	845.05	1.006 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 741.4, for a target of 786.3 or 823.77

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	616.00
Downside Target	711.60
Downside Target	737.70
Upside Target	764.00
Upside Target	806.90
Upside Target	858.60
Upside Target	885.00
Upside Target	887.25
Upside Target	895.15
Upside Target	900.00
Upside Target	915.55

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	726.93
Downside Intraday Target	697.72
Upside Intraday Target	796.13
Upside Intraday Target	836.12
Upside Intraday Target	766.92

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	756.15	795.00	806.90	737.70	0.566 times
15 Fri Mar 2024	792.30	872.00	895.15	764.00	2.464 times
07 Thu Mar 2024	869.35	851.65	885.00	840.05	1.092 times
02 Sat Mar 2024	848.75	857.00	858.60	817.10	0.894 times
23 Fri Feb 2024	855.10	865.85	887.25	828.70	1.287 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 Thu Mar 2024	756.15	842.95	895.15	737.70	1.093 times
29 Thu Feb 2024	838.95	900.00	915.55	810.10	0.62 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

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Amara Raja stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Amara Raja Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 804.23 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 negative.

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