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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 2024-05-23 View latest technical analysis

10 day averaged volume of Amara Raja is 864711

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	1114.25	1149.70	1149.70	1109.10	0.875 times
22 Wed May 2024	1140.45	1163.00	1164.85	1122.90	0.744 times
21 Tue May 2024	1156.50	1164.00	1183.95	1138.65	1.028 times
18 Sat May 2024	1158.40	1163.00	1166.95	1150.15	0.15 times
17 Fri May 2024	1154.90	1141.15	1168.00	1132.00	0.926 times
16 Thu May 2024	1133.55	1128.00	1154.45	1120.15	1.102 times
15 Wed May 2024	1123.15	1102.50	1139.95	1095.00	1.235 times
14 Tue May 2024	1090.80	1065.55	1100.00	1055.00	0.898 times
13 Mon May 2024	1065.55	1070.00	1078.50	1013.35	1.452 times
10 Fri May 2024	1071.95	1092.80	1103.85	1057.85	1.304 times

My analysis of stock is bearish for shortterm, and stock might move down till 1091.1 or till 1060.8. Use a stoploss of 1116.33 and if the stock hits stoploss, then it can shoot up till 1141.55

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
Upside Target	1138.70
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	1087.58
Downside Intraday Target	1060.92
Upside Intraday Target	1162.43
Upside Intraday Target	1210.62
Upside Intraday Target	1135.77

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	1114.25	1164.00	1183.95	1109.10	0.459 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
23 Thu May 2024	1114.25	1091.00	1183.95	1013.35	0.228 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term but buying is losing 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 1113.48 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.