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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 2024-04-22 View latest technical analysis

10 day averaged volume of Amara Raja is 3982395

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	1041.40	1020.00	1048.00	1013.35	1.05 times
19 Fri Apr 2024	1005.20	976.05	1035.10	966.50	1.517 times
18 Thu Apr 2024	993.55	975.00	1051.70	972.80	2.72 times
16 Tue Apr 2024	967.95	865.95	978.90	862.00	2.843 times
15 Mon Apr 2024	872.75	865.00	888.85	850.00	0.291 times
12 Fri Apr 2024	891.35	878.45	898.00	866.00	0.284 times
10 Wed Apr 2024	878.45	905.00	905.50	873.15	0.157 times
09 Tue Apr 2024	897.50	879.15	920.95	872.80	0.819 times
08 Mon Apr 2024	869.05	812.00	880.00	808.30	1.221 times
05 Fri Apr 2024	810.60	811.95	814.00	801.55	0.059 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1045.7, for a target of 939.4 or 850.87

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	716.00
Downside Target	737.70
Downside Target	756.00
Downside Target	808.30
Downside Target	831.00
Downside Target	850.00
Downside Target	895.15
Downside Target	915.55
Downside Target	920.95
Downside Target	1013.35
Upside Target	1048.00
Upside Target	1051.70

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1020.5
Downside Intraday Target	999.6
Upside Intraday Target	1055.15
Upside Intraday Target	1068.9
Downside Intraday Target	1034.25

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	1041.40	1020.00	1048.00	1013.35	0.142 times
19 Fri Apr 2024	1005.20	865.00	1051.70	850.00	2.971 times
12 Fri Apr 2024	891.35	812.00	920.95	808.30	6.221 times
05 Fri Apr 2024	810.60	773.00	814.50	768.30	0.793 times
28 Thu Mar 2024	760.40	779.00	786.75	756.00	0.627 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
22 Mon Apr 2024	1041.40	773.00	1051.70	768.30	3.685 times
28 Thu Mar 2024	760.40	842.95	895.15	737.70	1.37 times
29 Thu Feb 2024	838.95	900.00	915.55	810.10	0.62 times
31 Wed Jan 2024	889.05	819.65	900.00	771.65	0.59 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Amara Raja in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 963.57 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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