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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 2024-08-05 View latest technical analysis

10 day averaged volume of Amara Raja is 937799

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1507.55	1580.00	1604.95	1494.05	1.786 times
02 Fri Aug 2024	1612.35	1598.00	1621.95	1575.45	0.725 times
01 Thu Aug 2024	1604.65	1650.70	1666.00	1595.15	0.844 times
31 Wed Jul 2024	1626.30	1656.00	1664.00	1620.00	0.67 times
30 Tue Jul 2024	1650.00	1649.50	1680.00	1625.00	0.824 times
29 Mon Jul 2024	1638.30	1696.70	1696.75	1631.05	0.851 times
26 Fri Jul 2024	1680.45	1576.00	1690.00	1570.05	2.13 times
25 Thu Jul 2024	1565.80	1572.00	1587.65	1552.00	0.436 times
24 Wed Jul 2024	1573.70	1545.00	1606.00	1531.90	1.425 times
23 Tue Jul 2024	1545.95	1540.00	1575.00	1404.00	1.429 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1489, for a target of 1552.7 or 1605.86

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	768.30
Downside Target	1000.00
Downside Target	1204.40
Downside Target	1278.00
Downside Target	1404.00
Downside Target	1494.05
Upside Target	1575.45
Upside Target	1658.50
Upside Target	1666.00
Upside Target	1690.00
Upside Target	1696.75
Upside Target	1745.00
Upside Target	1775.95

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1466.08
Downside Intraday Target	1424.62
Upside Intraday Target	1576.98
Upside Intraday Target	1646.42
Upside Intraday Target	1535.52

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	1507.55	1580.00	1604.95	1494.05	0.456 times
02 Fri Aug 2024	1612.35	1696.70	1696.75	1575.45	0.643 times
26 Fri Jul 2024	1680.45	1550.00	1690.00	1404.00	1.536 times
19 Fri Jul 2024	1540.85	1636.00	1658.50	1520.00	0.761 times
12 Fri Jul 2024	1615.75	1704.00	1745.00	1585.05	0.642 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
05 Mon Aug 2024	1507.55	1650.70	1666.00	1494.05	0.13 times
31 Wed Jul 2024	1626.30	1660.00	1745.00	1404.00	0.239 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

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 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 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 gaining 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. 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 and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL 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 1598.28 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.