Amber Enterprises - Swing Trade
Respecting the trendline beautifully. Good volumes as well.
Hold for target and can even hold for new ATHs. A good RR trade.
It seems supply has been bought into on last trading session and now we may see upside from here. SL can be kept below previous day low and long can be initiated at CMP
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...
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👑 Stocks I will talk about a lot of stocks in the video for my followers also new people should follow :) also comment on what stocks you want me to talk about tomorrow :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if...
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This is a series of videos I am starting so that I can give you guys what I think and am seeing for tomorrow also which stocks to add for tomorrow and how I hold my trades and think during the process :) your fav stocks and you want me to analyze plz comment on...
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$$lOGIC:
✣ Weekly basis " 30% fib retracement + 50dema support on Week charts
✣ Daily charts breakout of Wedge pattern and sustaining above the breakaway gap, consolidating beautifully...
- 40% entry at CMP 2781
- Remaining after crossing 50 DMA and descending triangle & RSI trendline BO
- Buy on dip till 2600
- Near strong support of 200 DMA (+ve)
- +ve divergence on RSI but still in the bearish zone
- Appears to have a limited downside and reversal looks possible
- less than avg volume (-ve)
The stock seems to be on a positive trajectory moving within a parallel channel. It seems to be on a verge of breakout. Breakout is confirmed if it stays above the channel for 2 days on a closing basis.
Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout
But do you know it's a false breakout?
lines reference:
dark blue-resistances
cyan blue-supports
yellow-both acting as support and resistance.
Guys please first like and comment...
![AMBER: An attempt to catch an early wave [Amber Enterprises (D)]](https://s3.tradingview.com/e/eoRAoNnR_mid.png "An attempt to catch an early wave [Amber Enterprises (D)]")
