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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 2024-08-23 View latest technical analysis

10 day averaged volume of Amara Raja is 690325

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1527.35	1550.00	1552.00	1524.10	0.514 times
22 Thu Aug 2024	1548.25	1557.00	1583.80	1540.00	0.638 times
21 Wed Aug 2024	1554.00	1542.10	1564.00	1528.00	0.486 times
20 Tue Aug 2024	1542.10	1560.00	1564.50	1528.05	0.538 times
19 Mon Aug 2024	1556.30	1574.25	1579.85	1545.15	0.522 times
16 Fri Aug 2024	1561.00	1569.00	1576.45	1547.45	0.383 times
14 Wed Aug 2024	1549.25	1568.00	1575.65	1524.50	0.747 times
13 Tue Aug 2024	1565.90	1613.70	1638.95	1555.10	1.165 times
12 Mon Aug 2024	1597.70	1538.00	1638.00	1516.20	3.65 times
09 Fri Aug 2024	1505.80	1524.65	1529.50	1495.25	0.921 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1512.4 as stoploss in an intra day buy trade for a target of 1566.62. However, stock will show a bearish move below 1512.4.

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
Upside Target	1575.45
Upside Target	1638.95
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	1506.37
Downside Intraday Target	1485.38
Upside Intraday Target	1566.07
Upside Intraday Target	1604.78
Upside Intraday Target	1545.08

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	1527.35	1574.25	1583.80	1524.10	0.454 times
16 Fri Aug 2024	1561.00	1538.00	1638.95	1516.20	0.743 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

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
23 Fri Aug 2024	1527.35	1650.70	1666.00	1458.55	0.538 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Amara Raja stock for short term is SELL. Signal strength is Weak 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 1565.03 and Amara Raja (ARENM) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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