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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 2024-07-16 View latest technical analysis

10 day averaged volume of Amara Raja is 1014497

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	1569.75	1600.00	1606.80	1560.00	0.911 times
15 Mon Jul 2024	1597.90	1636.00	1639.80	1591.50	0.763 times
12 Fri Jul 2024	1615.75	1654.00	1658.95	1610.00	0.63 times
11 Thu Jul 2024	1650.75	1684.80	1689.60	1643.00	0.588 times
10 Wed Jul 2024	1684.70	1671.00	1689.95	1585.05	1.281 times
09 Tue Jul 2024	1669.95	1695.50	1700.50	1651.20	1.001 times
08 Mon Jul 2024	1685.35	1704.00	1745.00	1655.15	1.316 times
05 Fri Jul 2024	1694.65	1689.95	1705.00	1677.70	0.665 times
04 Thu Jul 2024	1688.50	1708.90	1713.40	1685.15	0.916 times
03 Wed Jul 2024	1703.65	1693.00	1717.00	1661.25	1.213 times

My analysis of stock is bearish for shortterm, and stock might move down till 1495.9 or till 1363. Use a stoploss of 1606.7 and if the stock hits stoploss, then it can shoot up till 1717.48

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	737.70
Downside Target	768.30
Downside Target	895.15
Downside Target	1000.00
Downside Target	1204.40
Downside Target	1278.00
Downside Target	1339.05
Downside Target	1372.00
Downside Target	1465.35
Downside Target	1560.00
Upside Target	1621.75
Upside Target	1729.80
Upside Target	1745.00
Upside Target	1775.95

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1539.9
Downside Intraday Target	1510.05
Upside Intraday Target	1619.7
Upside Intraday Target	1669.65
Upside Intraday Target	1589.85

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	1569.75	1636.00	1639.80	1560.00	0.348 times
12 Fri Jul 2024	1615.75	1704.00	1745.00	1585.05	0.642 times
05 Fri Jul 2024	1694.65	1660.00	1729.80	1621.75	0.18 times
28 Fri Jun 2024	1663.15	1409.05	1775.95	1372.00	3.51 times
21 Fri Jun 2024	1409.30	1341.10	1465.35	1339.05	0.693 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
16 Tue Jul 2024	1569.75	1660.00	1745.00	1560.00	0.141 times
28 Fri Jun 2024	1663.15	1250.00	1775.95	1000.00	2.8 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

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 to mid 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 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 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 LOWS in short term which reflects strong selling momentum. 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 1661.52 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.