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Amber

AMBER - Cup and Handle -Breakout - Good Vol -Daily Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern over the past year, with the handle recently completing. 2. Recent Price Action: - The stock has broken out of the cup and handle pattern with a significant bullish move. - Current price is 4,994.65 INR, up 14.88% on the day, indicating strong buying pressure. 3. Key Levels: - A major resistance level at around 4,633.90 INR has been broken, which could now act as support. - The previous high of 5,187.95 INR (marked as "High" on the chart) has been surpassed. 4. Volume: - There's a substantial spike in trading volume coinciding with the breakout, supporting the bullish move. - The volume is significantly above the volume moving average, indicating strong buying interest. 5. Price Targets: - The chart shows a potential long-term target of 6,281.05 INR. - This target represents a potential gain of 35.42% from the breakout point. 6. Support Levels: - The previous resistance at 4,633.90 INR should now act as support. - There's another support level at 4,382.00 INR, which was the low of the breakout candle formation. - There's another support at 4,006 INR, which is low of the box formation. 7. RSI (Relative Strength Index): - The RSI at the bottom of the chart shows an uptick, confirming the bullish momentum. - However, it's not in extremely overbought territory, suggesting there might still be room for further upside. 8. Historical Context: - The stock has been in an overall uptrend since late 2023, with the cup and handle formation developing over this period. - The current move represents a significant breakout from this pattern. Overall, the chart presents a bullish outlook for Amber Enterprises (I) Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 6,281.05 INR. However, traders should be cautious of potential short-term pullbacks due to: 1. The large single-day move (14.88%) 2. The stock being at all-time highs, which could lead to some profit-taking It would be prudent to watch for how the stock behaves around the current level and whether it can hold above the broken resistance at 4,633.90 INR in case of a pullback. The strength of the move and the volume supporting it suggest that any pullbacks might be seen as buying opportunities by the market.
NSE:AMBERLong
by VCharts_TA
AMBER - Unconventional Flat Swing TradeAMBER is trading near ATH zone. Stock has a long term reversal structure in weekly TF. Currently it is at a striking distance to ATH. Above 4615 we may initiate the strongest leg in the coming weeks and months. 4565 will be trigger point after that I will add this from 4520 zone with 4200 as sl. Both Monthly and weekly candles suggest a good momentum as in both TFs previous red candle's high have been taken out. Stock is suitable for short term, mid term and even long term. 9000-10000 will be its long term target. But since I am a momentum trader I will eat this in legs of 1.618 and 2.618 and 3.618 plotted targets. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:AMBERLong
by Omahto
3
Amber looking good for long positionsThere is Cup and handle pattern in Weekly and head and shoulder pattern in daily time frame(not a perfect patterns but can be consider ), looking good for long and one can enter above 4020 levels (should sustain above 4K level) with stoploss at around 3366 levels for the targets of 4600 then 5400 later further 5400 levels if trend continue. -- This analysis is only for education purpose, please do your own analysis before trading or investing in a stock so you have have conviction to stay with the trade till you achieve your targets. do not invest more than 5 to 10% of your capital in a single stock.
NSE:AMBERLong
by VNagarjuna
AMBER ENTERPRISES VCP BREAKOUT AMBER ENTERPRISES INDIA LTD 1. VCP breakout 2. Close within 52W high zone(-14%) 3. Close above previous day High(3925) 4. Close above last week High(3847.25) 5.Close above last month High(3939) 6. High increase in 1 month (+5.0%) 7. High increase in 6 month (+27.3%) 8. High increase in 12 months (+115.2%) 9. Promoter holding 40.3 % 10. Pledged percentage 0.00 % 11. Change in Prom Hold 0.00% 12. FII holding 26.0 % 13. Chg in FII Hold -2.31 % 14. DII holding 15.8 % 15. Chg in DII Hold 1.16 % 16. Stock PE 93.2 17. Industry PE 77.1 18. ROCE 10.7 % 19. ROE 8.75 % For Educational Purpose Only
NSE:AMBER
by Sachin_Lokchandani
AMBER - Long Setup, Move is ON..NSE:AMBER ✅ #AMBER trading above Resistance of 3780 ✅ Next Resistance is at 4965 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:AMBERLong
by Sandeep_Aggarwal
AMBER AMBER :- The stock has given a breakout after 1 year, if the breakout sustains, we may see an upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:AMBERLong
by AjayDhakad_Keep_it_simple
1
Amber Enterprises: Positional Play Complete AnalysisNSE:AMBER A complete analysis of Amber is explained on the chart. Entry should be above - 2100 closing on daily Candle. Stoploss - will be below Box low 1840. Target are :- 2550/2780+ It shows multiple signals can start an Up-trend are: 1. Price at 4-year long support Trend line (Trend is intact from its life low) 2. Fib Retracement at 0.618 Significant ratio. (Measured up trend from life low to life high) 3. Falling wedge pattern is formed at support and its breakout is also done with good momentum. 4. There is a Rectangle Box Base is Forming. ( The price should break above its horizontal resistance of 2095) this is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy Trading!
NSE:AMBERLong
by SANJAYPATIDAR_
19
AMBER LONG POSITION 52 WEEKS HIGH STRATEGY Is a 52 week high good? The 52 weeks high or low is really just useful in trend identification. If a stock is at its 52 week high then its trend is positive. If a stock is near its 52 week low then its trend is negative. Momentum investors try to buy with the trend and the 52 week high is a convenient way to define its direction. DISCLAIMER I am not Sebi registered analyst My studies are Educational purpose only Please consult with your financial advisor before trading or investing
NSE:AMBERLong
by AlphaBull_in
AMBER intraday analysis and setup🎇Hello Traders👋 Today i have made a post on AMBER 15M I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
NSE:AMBER
by profitpujari
AMBER - Symmetrical Triangle Pattern - BreakOut Expected SoonAmber has entered into the growth phase after a long period of decline and consolidation. It has just crossed its resistance line, and looks ready for a breakout to levels of 3300 and 3700 respectively. The volumes and technicals are supporting the movement upside. The earlier resistance at 3000 is now acting as support. Symmetrical pattern can go either ways. hence it will be prudent to put a stop loss at 2900 if you purchase at current levels. Alternatively wait for 3100, which should confirm the trend and then purchase and keep a stop loss near 3000 levels. Supporting Technicals: RSI: 60.7 (Bullish but not overbought) ADX: 28.5 (Indicating strong trend) MACD is above its center and signal Line, this is a bullish indicator. P.S: This idea is for educational purposes only and should not be construed as an investment advice.
NSE:AMBERLong
by Yes2Profits
2