Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-04-29 View latest technical analysis

10 day averaged volume of Amara Raja is 5971922

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1100.95	1122.70	1124.60	1095.00	0.109 times
26 Fri Apr 2024	1112.60	1110.90	1140.80	1069.75	0.354 times
25 Thu Apr 2024	1106.05	1132.75	1150.00	1093.50	0.291 times
24 Wed Apr 2024	1133.30	1174.00	1204.40	1107.60	1.149 times
23 Tue Apr 2024	1160.20	1050.85	1200.00	1046.55	2.401 times
22 Mon Apr 2024	1041.40	1020.00	1048.00	1013.35	0.7 times
19 Fri Apr 2024	1005.20	976.05	1035.10	966.50	1.011 times
18 Thu Apr 2024	993.55	975.00	1051.70	972.80	1.814 times
16 Tue Apr 2024	967.95	865.95	978.90	862.00	1.896 times
15 Mon Apr 2024	872.75	865.00	888.85	850.00	0.194 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1069, but if it comes below 1069, then a intra day sell could be more profitable.
If you take a sell trade below 1069, then use 1069 as stoploss and 940.17 as target. However if you take a buy trade in stock , then use 1069 as stoploss and 1223.5 as target.

Share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Target	716.00
Downside Target	737.70
Downside Target	768.30
Downside Target	808.30
Downside Target	831.00
Downside Target	850.00
Downside Target	895.15
Downside Target	1013.35
Downside Target	1051.70
Downside Target	1095.00
Upside Target	1124.60
Upside Target	1204.40

Intraday share price targets for Amara Raja (ARENM)

Target Type	Value
Downside Intraday Target	1089.1
Downside Intraday Target	1077.25
Upside Intraday Target	1118.7
Upside Intraday Target	1136.45
Upside Intraday Target	1106.85

Weekly technical analysis of Amara Raja (ARENM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1100.95	1122.70	1124.60	1095.00	0.022 times
26 Fri Apr 2024	1112.60	1020.00	1204.40	1013.35	0.996 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

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
29 Mon Apr 2024	1100.95	773.00	1204.40	768.30	5.79 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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

Stock of Amara Raja is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1056.12 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.