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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 2024-05-09 View latest technical analysis

10 day averaged volume of Amara Raja is 1914722

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	1092.80	1133.00	1142.00	1085.00	0.525 times
08 Wed May 2024	1132.60	1110.05	1161.00	1103.75	0.953 times
07 Tue May 2024	1106.55	1120.00	1173.25	1080.55	1.128 times
06 Mon May 2024	1122.10	1137.00	1139.00	1085.60	0.65 times
03 Fri May 2024	1128.10	1121.00	1134.75	1110.00	0.451 times
02 Thu May 2024	1115.70	1091.00	1130.00	1091.00	0.442 times
30 Tue Apr 2024	1099.70	1106.50	1138.70	1095.30	0.439 times
29 Mon Apr 2024	1100.95	1122.70	1124.60	1095.00	0.34 times
26 Fri Apr 2024	1112.60	1110.90	1140.80	1069.75	1.104 times
25 Thu Apr 2024	1106.05	1132.75	1150.00	1093.50	0.908 times

My analysis of stock is bullish for shortterm, and stock might move up till 1142.8 or till 1256.6. Use a stoploss of 1047.94 and if this stock hits its stoploss, then it can fall down till 953.11

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	737.70
Downside Target	768.30
Downside Target	808.30
Downside Target	850.00
Downside Target	895.15
Downside Target	1013.35
Downside Target	1051.70
Downside Target	1080.55
Downside Target	1091.00
Upside Target	1138.70
Upside Target	1173.25
Upside Target	1204.40

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1057.82
Downside Intraday Target	1022.83
Upside Intraday Target	1150.52
Upside Intraday Target	1208.23
Upside Intraday Target	1115.53

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	1092.80	1137.00	1173.25	1080.55	1.947 times
03 Fri May 2024	1128.10	1122.70	1138.70	1091.00	0.11 times
26 Fri Apr 2024	1112.60	1020.00	1204.40	1013.35	0.996 times
19 Fri Apr 2024	1005.20	865.00	1051.70	850.00	2.971 times
12 Fri Apr 2024	891.35	812.00	920.95	808.30	6.221 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Amara Raja (ARENM)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu May 2024	1092.80	1091.00	1173.25	1080.55	0.111 times
30 Tue Apr 2024	1099.70	773.00	1204.40	768.30	5.859 times
28 Thu Mar 2024	760.40	842.95	895.15	737.70	1.37 times
29 Thu Feb 2024	838.95	900.00	915.55	810.10	0.62 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 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 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 Strong 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1112.72 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.