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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 2024-06-04 View latest technical analysis

10 day averaged volume of Amara Raja is 2321336

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1082.30	1196.40	1197.95	1000.00	1.628 times
03 Mon Jun 2024	1196.40	1250.00	1250.00	1187.25	0.528 times
31 Fri May 2024	1181.35	1203.00	1225.00	1172.00	0.823 times
30 Thu May 2024	1190.05	1218.80	1242.00	1182.40	0.596 times
29 Wed May 2024	1213.15	1247.65	1278.00	1192.60	1.625 times
28 Tue May 2024	1247.65	1231.00	1277.50	1218.00	1.507 times
27 Mon May 2024	1221.55	1225.00	1268.90	1188.65	1.479 times
24 Fri May 2024	1210.15	1120.55	1238.00	1115.90	2.456 times
23 Thu May 2024	1114.25	1149.70	1149.70	1109.10	0.326 times
22 Wed May 2024	1140.45	1163.00	1164.85	1122.90	0.277 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1096.7, but if it comes above 1096.7, then a intra day buy could be more profitable.
If you take a sell trade below 1096.7, then use 1096.7 as stoploss and 1034.2 as target. However if you take a buy trade in stock , then use 1096.7 as stoploss and 1148.88 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	915.55
Downside Target	1000.00
Downside Target	1057.85
Upside Target	1109.10
Upside Target	1168.00
Upside Target	1204.40
Upside Target	1238.00
Upside Target	1250.00
Upside Target	1278.00

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	971.53
Downside Intraday Target	860.77
Upside Intraday Target	1221.53
Upside Intraday Target	1360.77
Upside Intraday Target	1110.77

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1082.30	1250.00	1250.00	1000.00	0.358 times
31 Fri May 2024	1181.35	1225.00	1278.00	1172.00	1.751 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

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
04 Tue Jun 2024	1082.30	1250.00	1250.00	1000.00	0.139 times
31 Fri May 2024	1181.35	1091.00	1278.00	1013.35	0.504 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

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 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 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 to mid 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 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 SELL. 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 in or below 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

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 1190.28 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.