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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 2024-08-09 View latest technical analysis

10 day averaged volume of Amara Raja is 1055764

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	1505.80	1524.65	1529.50	1495.25	0.602 times
08 Thu Aug 2024	1498.90	1548.00	1552.65	1493.10	0.621 times
07 Wed Aug 2024	1539.80	1510.00	1550.00	1465.00	0.981 times
06 Tue Aug 2024	1466.45	1536.80	1574.80	1458.55	1.443 times
05 Mon Aug 2024	1507.55	1580.00	1604.95	1494.05	1.586 times
02 Fri Aug 2024	1612.35	1598.00	1621.95	1575.45	0.644 times
01 Thu Aug 2024	1604.65	1650.70	1666.00	1595.15	0.75 times
31 Wed Jul 2024	1626.30	1656.00	1664.00	1620.00	0.595 times
30 Tue Jul 2024	1650.00	1649.50	1680.00	1625.00	0.732 times
29 Mon Jul 2024	1638.30	1696.70	1696.75	1631.05	0.756 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1517.1, but if it comes above 1517.1, then a intra day buy could be more profitable.
If you take a sell trade below 1517.1, then use 1517.1 as stoploss and 1451.4 as target. However if you take a buy trade in stock , then use 1517.1 as stoploss and 1571.87 as target.

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	1458.55
Upside Target	1520.00
Upside Target	1575.45
Upside Target	1658.50
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	1441.25
Downside Intraday Target	1376.7
Upside Intraday Target	1587.65
Upside Intraday Target	1669.5
Upside Intraday Target	1523.1

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	1505.80	1580.00	1604.95	1458.55	1.506 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, 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
09 Fri Aug 2024	1505.80	1650.70	1666.00	1458.55	0.29 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 1551.16 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.