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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 2024-05-21 View latest technical analysis

10 day averaged volume of Amara Raja is 1109948

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	1156.50	1164.00	1183.95	1138.65	0.801 times
18 Sat May 2024	1158.40	1163.00	1166.95	1150.15	0.117 times
17 Fri May 2024	1154.90	1141.15	1168.00	1132.00	0.721 times
16 Thu May 2024	1133.55	1128.00	1154.45	1120.15	0.859 times
15 Wed May 2024	1123.15	1102.50	1139.95	1095.00	0.962 times
14 Tue May 2024	1090.80	1065.55	1100.00	1055.00	0.7 times
13 Mon May 2024	1065.55	1070.00	1078.50	1013.35	1.131 times
10 Fri May 2024	1071.95	1092.80	1103.85	1057.85	1.016 times
09 Thu May 2024	1092.80	1133.00	1142.00	1085.00	0.905 times
08 Wed May 2024	1132.60	1110.05	1161.00	1103.75	1.645 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1145, but if it comes below 1145, then a intra day sell could be more profitable.
If you take a sell trade below 1145, then use 1145 as stoploss and 1118.27 as target. However if you take a buy trade in stock , then use 1145 as stoploss and 1177 as target.

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	737.70
Downside Target	768.30
Downside Target	810.10
Downside Target	895.15
Downside Target	1013.35
Downside Target	1057.85
Downside Target	1091.00
Downside Target	1138.65
Upside Target	1168.00
Upside Target	1173.25
Upside Target	1183.95
Upside Target	1204.40

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1135.45
Downside Intraday Target	1114.4
Upside Intraday Target	1180.75
Upside Intraday Target	1205
Upside Intraday Target	1159.7

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	1156.50	1164.00	1183.95	1138.65	0.178 times
18 Sat May 2024	1158.40	1070.00	1168.00	1013.35	0.677 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

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 Tue May 2024	1156.50	1091.00	1183.95	1013.35	0.209 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 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 gaining momentum.

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

Amara Raja Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 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 1113.09 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.