buy above given levelpossible breakout of downtrend line.
moving averages are converging to provide support.
buy above given level with mentioned stoploss.
Amber
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.
AMBER - CMP: 2956The stock has given Falling Wedge breakout on a daily chart. No stock in the accumulation zone. RSI indication continuation of the trend.ADX is indicating strength in the trend. We can expect price movement up to 3170 in the near term. Also expect price movement up to 3250 in the mid-term.
AMBER - simple short term analysis enter @3000-20 range
sl below 2970(risk 60 point)🙏
trgt 3150-3270-3400+
long 3700-4000++
🧩fundamentally strong stock.
🧩chart looks good.small risk high benefit trade.
🧩the stock is in a good support zone
🧩weekly chart.chance to continue its trend.👇
study then invest🙏
#Amber keep on watch, may take support.#Amber keep on watch, may take support.
Avg Volume increasing. ACCUMULATION GOING ON.
Symmetrical Triangle.
Lets See.
AMBER SWING TRADE 1D TFAMBER is currently trading in channel and recently made a higher low, so we will try to trade for the higher high by initiating a long trade above @ 2829.1 with StopLoss below @ 2683.5
Possibility of Quick Reversal in AmberIn the Daily chart, Amber shows a quick reversal that can boost it towards its Resistance at 3000. With Proper SL one can long till resistance or if it breaks the Trend Line one can hold the share with Trailing SL.
On the RSI front, this is in the Oversold zone which confirms the reversal.
Amber Enterprises Possible Swing tradeAmber trading in tight ascending channel. Showing lot of strength after taking support from the lower end of the channel. Long entry can be considered for target upto the upper band of the channel. Keep on eye on the overall market sentiments too.
