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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)

10 day averaged volume of Amara Raja is 1221447

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 1154.90 1141.15 1168.00 1132.00 0.655 times
16 Thu May 2024 1133.55 1128.00 1154.45 1120.15 0.78 times
15 Wed May 2024 1123.15 1102.50 1139.95 1095.00 0.874 times
14 Tue May 2024 1090.80 1065.55 1100.00 1055.00 0.636 times
13 Mon May 2024 1065.55 1070.00 1078.50 1013.35 1.028 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1141.1, but if it comes below 1141.1, then a intra day sell could be more profitable.
If you take a sell trade below 1141.1, then use 1141.1 as stoploss and 1104.86 as target. However if you take a buy trade in stock , then use 1141.1 as stoploss and 1184.6 as target.

Share price targets for Amara Raja (ARENM)

Target Type Value
Downside Target 737.70
Downside Target 768.30
Downside Target 810.10
Downside Target 850.00
Downside Target 895.15
Downside Target 1013.35
Downside Target 1051.70
Downside Target 1091.00
Downside Target 1138.70
Upside Target 1168.00
Upside Target 1173.25
Upside Target 1204.40

Intraday share price targets for Amara Raja (ARENM)

Target Type Value
Downside Intraday Target 1056.17
Downside Intraday Target 957.43
Upside Intraday Target 1210.82
Upside Intraday Target 1266.73
Downside Intraday Target 1112.08

Weekly technical analysis of Amara Raja (ARENM)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 1154.90 1070.00 1168.00 1013.35 0.659 times
10 Fri May 2024 1071.95 1137.00 1173.25 1057.85 2.299 times
03 Fri May 2024 1128.10 1122.70 1138.70 1091.00 0.11 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

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
17 Fri May 2024 1154.90 1091.00 1173.25 1013.35 0.195 times
30 Tue Apr 2024 1099.70 773.00 1204.40 768.30 5.859 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

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 16, 31 Buy
MACD 102, 107Sell
Stochastics 77Buy
CCI 119Buy
RSI 63Buy
OBV 27750149Sell
VWAP 1109Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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

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 but buying is losing 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 1109.21 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.

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