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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 2024-06-27 View latest technical analysis

10 day averaged volume of Amara Raja is 5289000

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	1609.55	1667.00	1674.00	1600.00	0.499 times
26 Wed Jun 2024	1669.35	1662.00	1775.95	1652.00	2.495 times
25 Tue Jun 2024	1646.20	1480.85	1656.05	1480.85	4.024 times
24 Mon Jun 2024	1380.05	1409.05	1415.00	1372.00	0.21 times
21 Fri Jun 2024	1409.30	1419.70	1465.35	1401.00	0.558 times
20 Thu Jun 2024	1401.00	1401.20	1432.00	1382.75	0.457 times
19 Wed Jun 2024	1398.55	1381.90	1418.00	1355.00	0.606 times
18 Tue Jun 2024	1370.90	1341.10	1418.00	1339.05	0.652 times
14 Fri Jun 2024	1339.05	1345.90	1356.90	1321.00	0.283 times
13 Thu Jun 2024	1340.65	1354.00	1363.95	1335.00	0.259 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1509.6, but if it comes below 1509.6, then a intra day sell could be more profitable.
If you take a sell trade below 1509.6, then use 1509.6 as stoploss and 1360.93 as target. However if you take a buy trade in stock , then use 1509.6 as stoploss and 1688.1 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	915.55
Downside Target	1000.00
Downside Target	1172.00
Downside Target	1204.40
Downside Target	1278.00
Downside Target	1321.00
Downside Target	1372.00
Downside Target	1448.70
Downside Target	1465.35
Downside Target	1538.60
Upside Target	1775.95

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1395.72
Downside Intraday Target	1181.88
Upside Intraday Target	1799.67
Upside Intraday Target	1989.78
Downside Intraday Target	1585.83

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	1609.55	1409.05	1775.95	1372.00	3.18 times
21 Fri Jun 2024	1409.30	1341.10	1465.35	1339.05	0.693 times
14 Fri Jun 2024	1339.05	1450.00	1538.60	1321.00	0.591 times
07 Fri Jun 2024	1401.15	1250.00	1448.70	1000.00	2.097 times
31 Fri May 2024	1181.35	1225.00	1278.00	1172.00	1.751 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Amara Raja (ARENM)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	1609.55	1250.00	1775.95	1000.00	2.69 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 up this month, and volume has increased substantially. This means that the move can 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 1570.9 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.