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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 2024-09-10 View latest technical analysis

10 day averaged volume of Amara Raja is 629106

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	1424.30	1420.00	1453.00	1417.00	0.52 times
09 Mon Sep 2024	1411.45	1417.65	1424.65	1383.25	0.832 times
06 Fri Sep 2024	1417.65	1457.00	1467.90	1412.60	1.136 times
05 Thu Sep 2024	1447.50	1419.05	1482.85	1419.05	2.613 times
04 Wed Sep 2024	1487.15	1499.00	1518.85	1484.00	0.695 times
03 Tue Sep 2024	1509.40	1502.00	1527.95	1495.50	0.492 times
02 Mon Sep 2024	1503.85	1528.25	1530.00	1500.00	0.577 times
30 Fri Aug 2024	1521.25	1522.00	1537.75	1518.00	0.671 times
29 Thu Aug 2024	1520.45	1539.80	1548.95	1510.60	0.623 times
28 Wed Aug 2024	1535.60	1569.95	1576.80	1530.00	0.807 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1404.9, for a target of 1464.1 or 1513.47

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	1000.00
Downside Target	1278.00
Downside Target	1383.25
Upside Target	1453.00
Upside Target	1508.25
Upside Target	1530.00
Upside Target	1583.80
Upside Target	1610.00
Upside Target	1638.95
Upside Target	1666.00
Upside Target	1745.00
Upside Target	1775.95

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1387.37
Downside Intraday Target	1350.43
Upside Intraday Target	1457.12
Upside Intraday Target	1489.93
Downside Intraday Target	1420.18

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	1424.30	1417.65	1453.00	1383.25	0.245 times
06 Fri Sep 2024	1417.65	1528.25	1530.00	1412.60	1.338 times
30 Fri Aug 2024	1521.25	1536.80	1610.00	1508.25	1.392 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

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
10 Tue Sep 2024	1424.30	1528.25	1530.00	1383.25	0.278 times
30 Fri Aug 2024	1521.25	1650.70	1666.00	1458.55	0.645 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

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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Amara Raja stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Amara Raja in short term and the sell signal is strong.

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 moving up

CCI has generated a buy signal for Amara Raja in short term but BUY signal is weak.

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 1467.65 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.