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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 2024-08-27 View latest technical analysis

10 day averaged volume of Amara Raja is 626029

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1571.65	1514.90	1610.00	1508.25	1.56 times
26 Mon Aug 2024	1514.90	1536.80	1536.80	1510.05	0.469 times
23 Fri Aug 2024	1527.35	1550.00	1552.00	1524.10	0.567 times
22 Thu Aug 2024	1548.25	1557.00	1583.80	1540.00	0.703 times
21 Wed Aug 2024	1554.00	1542.10	1564.00	1528.00	0.536 times
20 Tue Aug 2024	1542.10	1560.00	1564.50	1528.05	0.593 times
19 Mon Aug 2024	1556.30	1574.25	1579.85	1545.15	0.576 times
16 Fri Aug 2024	1561.00	1569.00	1576.45	1547.45	0.422 times
14 Wed Aug 2024	1549.25	1568.00	1575.65	1524.50	0.824 times
13 Tue Aug 2024	1565.90	1613.70	1638.95	1555.10	1.284 times

My analysis of stock is bullish for shortterm, and stock might move up till 1600.1 or till 1654.2. Use a stoploss of 1555.01 and if this stock hits its stoploss, then it can fall down till 1509.94

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	1508.25
Upside Target	1575.45
Upside Target	1610.00
Upside Target	1638.95
Upside Target	1666.00
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	1516.6
Downside Intraday Target	1461.55
Upside Intraday Target	1618.35
Upside Intraday Target	1665.05
Downside Intraday Target	1563.3

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1571.65	1536.80	1610.00	1508.25	0.682 times
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

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
27 Tue Aug 2024	1571.65	1650.70	1666.00	1458.55	0.59 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Amara Raja stock for short term is BUY. 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.

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

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 red color and prices are in or above the red 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 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 1553.82 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 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.