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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 2024-08-28 View latest technical analysis

10 day averaged volume of Amara Raja is 471758

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	1535.60	1569.95	1576.80	1530.00	1.077 times
27 Tue Aug 2024	1571.65	1514.90	1610.00	1508.25	2.071 times
26 Mon Aug 2024	1514.90	1536.80	1536.80	1510.05	0.623 times
23 Fri Aug 2024	1527.35	1550.00	1552.00	1524.10	0.752 times
22 Thu Aug 2024	1548.25	1557.00	1583.80	1540.00	0.933 times
21 Wed Aug 2024	1554.00	1542.10	1564.00	1528.00	0.712 times
20 Tue Aug 2024	1542.10	1560.00	1564.50	1528.05	0.787 times
19 Mon Aug 2024	1556.30	1574.25	1579.85	1545.15	0.764 times
16 Fri Aug 2024	1561.00	1569.00	1576.45	1547.45	0.56 times
14 Wed Aug 2024	1549.25	1568.00	1575.65	1524.50	1.094 times

My analysis of stock is bearish for shortterm, and stock might move down till 1509.7 or till 1462.2. Use a stoploss of 1549.29 and if the stock hits stoploss, then it can shoot up till 1588.87

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	1492.57
Downside Intraday Target	1449.53
Upside Intraday Target	1594.32
Upside Intraday Target	1653.03
Upside Intraday Target	1551.28

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	1535.60	1536.80	1610.00	1508.25	0.955 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
28 Wed Aug 2024	1535.60	1650.70	1666.00	1458.55	0.611 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 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 short to mid 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.

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.

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 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 but buying is losing 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 1549.53 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.