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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 2024-08-12 View latest technical analysis

10 day averaged volume of Amara Raja is 919600

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1597.70	1538.00	1638.00	1516.20	2.74 times
09 Fri Aug 2024	1505.80	1524.65	1529.50	1495.25	0.691 times
08 Thu Aug 2024	1498.90	1548.00	1552.65	1493.10	0.713 times
07 Wed Aug 2024	1539.80	1510.00	1550.00	1465.00	1.126 times
06 Tue Aug 2024	1466.45	1536.80	1574.80	1458.55	1.657 times
05 Mon Aug 2024	1507.55	1580.00	1604.95	1494.05	1.821 times
02 Fri Aug 2024	1612.35	1598.00	1621.95	1575.45	0.739 times
01 Thu Aug 2024	1604.65	1650.70	1666.00	1595.15	0.861 times
31 Wed Jul 2024	1626.30	1656.00	1664.00	1620.00	0.684 times
30 Tue Jul 2024	1650.00	1649.50	1680.00	1625.00	0.84 times

Stock of Amara Raja (ARENM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 1625.1 or till 1690.1. Use a stoploss of 1570.97 and if this stock hits its stoploss, then it can fall down till 1516.81

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
Downside Target	1516.20
Downside Target	1575.45
Upside Target	1638.00
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	1529.93
Downside Intraday Target	1462.17
Upside Intraday Target	1651.73
Upside Intraday Target	1705.77
Downside Intraday Target	1583.97

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1597.70	1538.00	1638.00	1516.20	0.456 times
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

Price has moved up 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
12 Mon Aug 2024	1597.70	1650.70	1666.00	1458.55	0.395 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 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 short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 BUY. 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.

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

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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Amara Raja in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1555.54 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 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.