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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 2024-05-29 View latest technical analysis

10 day averaged volume of Amara Raja is 1787217

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	1213.15	1247.65	1278.00	1192.60	2.111 times
28 Tue May 2024	1247.65	1231.00	1277.50	1218.00	1.957 times
27 Mon May 2024	1221.55	1225.00	1268.90	1188.65	1.921 times
24 Fri May 2024	1210.15	1120.55	1238.00	1115.90	3.19 times
23 Thu May 2024	1114.25	1149.70	1149.70	1109.10	0.423 times
22 Wed May 2024	1140.45	1163.00	1164.85	1122.90	0.36 times
21 Tue May 2024	1156.50	1164.00	1183.95	1138.65	0.498 times
18 Sat May 2024	1158.40	1163.00	1166.95	1150.15	0.072 times
17 Fri May 2024	1154.90	1141.15	1168.00	1132.00	0.448 times
16 Thu May 2024	1133.55	1128.00	1154.45	1120.15	0.533 times

Stock of Amara Raja (ARENM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1188.7, but if it comes below 1188.7, then a intra day sell could be more profitable.
If you take a sell trade below 1188.7, then use 1188.7 as stoploss and 1139.99 as target. However if you take a buy trade in stock , then use 1188.7 as stoploss and 1247.1 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	1138.70
Downside Target	1168.00
Downside Target	1188.65
Downside Target	1204.40
Upside Target	1238.00
Upside Target	1278.00

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1175.2
Downside Intraday Target	1137.25
Upside Intraday Target	1264.55
Upside Intraday Target	1315.95
Upside Intraday Target	1226.6

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1213.15	1225.00	1278.00	1188.65	1.339 times
24 Fri May 2024	1210.15	1164.00	1238.00	1109.10	1.604 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

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
29 Wed May 2024	1213.15	1091.00	1278.00	1013.35	0.458 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 losing momentum.

MACD generated a BUY signal for Amara Raja in short term and the buy signal is strong.

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 above 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 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 1204.93 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.