AMBER ENTERPRISES | Positional Trade Setup

Jul 3

Technical View

AMBER is trading within a well-defined Ascending Triangle, supported by a series of higher lows and a strong horizontal resistance zone. The price has repeatedly respected the rising support trendline, indicating sustained buying interest despite short-term corrections.

The current consolidation appears constructive. A decisive breakout above the resistance zone may trigger the next leg of the uptrend.


Trade Setup

CMP: ₹7,484
Add on Dips: Around ₹7,200
Stop Loss (Closing Basis): ₹6,989

Target Levels

🎯 Target 1: ₹8,228
🎯 Target 2: ₹8,666
🎯 Target 3: ₹8,888
🎯 Target 4: ₹9,111
🎯 Target 5: ₹9,333
🎯 Target 6: ₹9,666


Trading Strategy

* Fresh positions may be considered around the current market price.
* Additional accumulation may be considered near ₹7,200 if the stock witnesses healthy corrective moves.
* Maintain a strict Closing Basis Stop Loss at ₹6,989.
* Consider partial profit booking at successive targets while trailing the stop loss (TSL) to protect gains.



Technical Highlight

* Pattern: Ascending Triangle
* Trend: Bullish
* Support: Rising Trendline
* Resistance: ₹8,228 Zone
* Time Horizon: Positional (Medium Term)

Disclosure: This technical view is based on price action and chart analysis. The analysis reflects the current market structure and is subject to change based on evolving market conditions. There are no guaranteed returns in the stock market. Investors should assess their risk profile and follow appropriate risk management before making any investment decisions.

Jul 6

Trade active

High 7640

Jul 10

Note

7779

Jul 13

Note

7955

Jul 16

Note

7998

Jul 16

Note

8073