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Amber Enterprises India Ltd.Amber Enterprises India Ltd.Amber Enterprises India Ltd.

Amber Enterprises India Ltd.

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AMBER trade ideas

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 DailyCharts03
#AMBER VCP BO in DTF📊 Script: AMBER Key highlights: 💡⚡ 📈 Script is giving VCP BreakOut on daily chart. 📈Volume Dry before BreakOut 📈MACD Crossover 📈 One can go for Swing Trade. BUY ONLY ABOVE 5000 ⏱️ C.M.P 📑💰- 4994 🟢 Target 🎯🏆 – 14% ⚠️ Stoploss ☠️🚫 – 29% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:AMBERLong
by MMT_MakeMoneyTrading
4
AMBER Follow up BO [WEEKLY]AMBER came up recently in my momentum scanner so I looked up some Fundamental numbers as I liked the chart and I wanted to share the same. This looks a like a good scrip to track as it ticks some boxes and gives a good gut feel for fundamental numbers to improve in upcoming quarters. On Relative Strength Scores : 23rd Aug - 50 30th Aug - 63 6th Sep - 65 13th Sep - 69 Certainly the stock has improving RS scores week over week so can be said is in momentum especially post seeing the chart with volumes on both daily and weekly timeframes. Some of the following Fundamental points might be good to know: FIIs have increased their stake from ~26% in March'24 to ~28.5% in June'24. Odds are since June stake has been increasing as well. June'24 QoQ numbers were phenomenal with 41% sales growth and 58% EPS growth. This comes post a bad run of QoQ performance in past few results. Hence good to keep track of as cyclicity might be kicking in here YoY numbers for year ended Mar'24 are not good enough, but since the play here is that upcoming quarters will be better, not looking too critically on YoY numbers. TTM numbers show decent growth on sales and EPS though.
NSE:AMBER
by HawkishDove
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
🔥Unveiling the Secrets of Amber: A Rollercoaster Ride 📈The Weekly Chart Analysis Our journey begins with the weekly chart of $NSE:AMBER. From February 2021 to May 2022, a significant support area was tested multiple times. This area served as both a support and resistance at different times, indicating its importance. In May 2022, this support area was sharply broken, leading to a quick price drop. Following this, a pattern resembling a rounding bottom emerged on the weekly chart. However, it's not a perfect rounding bottom. The price then shot up rapidly, accompanied by a large volume on the green bar. 🔁The Cycle of Support and Resistance The price reached an important area around August 2023, which had previously served as a strong support and was now acting as a resistance. This resistance was finally broken in November 2023. From August to November, there was strong consolidation near this area. The price held but did not drop, indicating that buyers were in control before the breakout. After reaching 3480, the price dropped and the area once again served as a solid support. The price bounced off this support multiple times. 🔍A Closer Look at the Daily Chart On the daily chart, we see that whenever the price drops, the volume on the red bars is very low. This suggests that the drops may be tests to see if sellers are present. The last candle, which is currently trading on the support area, is a bearish candle. However, its volume is significantly lower compared to previous volume bars, indicating that it might just be a test. The act of polarity is working prominently in this chart. On the weekly chart, we see large volumes on green candles. When we return to the daily chart, it becomes clear that the low volumes on red bars are likely just tests for the presence of sellers. Absolutely, incorporating a potential trading strategy into the analysis would indeed make it more comprehensive. Here's how I would modify it: 🎯Potential Trading Strategy Given that the price is currently trading at a strong support area (3051), this could be an opportune moment to plan a buy trade. A stop loss (SL) could be set just below the support area at 2950. This would limit potential losses if the price were to fall. Considering the retest of the breakout, this could be a good opportunity for a long entry. The risk to reward ratio in this scenario is favourable, making this a potentially profitable trade. Disclaimer: This analysis and trading strategy are for educational purposes only and are not intended as trading or investment recommendations. I am not a SEBI registered Analyst.
NSE:AMBERLong
by AfnanTAjuddin
3
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
Amazing breakout on Weekly / Daily Timeframe - AMBERCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:AMBERLong
by Yoyohoneysingh93