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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 2024-05-15 View latest technical analysis

10 day averaged volume of Amara Raja is 1194397

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	1123.15	1102.50	1139.95	1095.00	0.894 times
14 Tue May 2024	1090.80	1065.55	1100.00	1055.00	0.65 times
13 Mon May 2024	1065.55	1070.00	1078.50	1013.35	1.051 times
10 Fri May 2024	1071.95	1092.80	1103.85	1057.85	0.944 times
09 Thu May 2024	1092.80	1133.00	1142.00	1085.00	0.841 times
08 Wed May 2024	1132.60	1110.05	1161.00	1103.75	1.528 times
07 Tue May 2024	1106.55	1120.00	1173.25	1080.55	1.808 times
06 Mon May 2024	1122.10	1137.00	1139.00	1085.60	1.042 times
03 Fri May 2024	1128.10	1121.00	1134.75	1110.00	0.723 times
02 Thu May 2024	1115.70	1091.00	1130.00	1091.00	0.709 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1137.9 as stoploss in an intra day sell trade for a target of 1088.51. However, stock will show a bullish move above 1137.9.

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	737.70
Downside Target	768.30
Downside Target	810.10
Downside Target	850.00
Downside Target	895.15
Downside Target	1013.35
Downside Target	1051.70
Downside Target	1091.00
Upside Target	1138.70
Upside Target	1139.95
Upside Target	1173.25
Upside Target	1204.40

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1044.35
Downside Intraday Target	965.55
Upside Intraday Target	1170.95
Upside Intraday Target	1218.75
Downside Intraday Target	1092.15

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	1123.15	1070.00	1139.95	1013.35	0.421 times
10 Fri May 2024	1071.95	1137.00	1173.25	1057.85	2.299 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

Price has moved up 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
15 Wed May 2024	1123.15	1091.00	1173.25	1013.35	0.17 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 up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Amara Raja in short term and BUY signal is strong.

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 1106.09 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 rising upwards.

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 is giving positive 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.