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Amberenterprises

AMBER: Wave 5 Setup in Progress AMBER Enterprises (AMBER): Wave 5 Setup in Progress Wave Analysis: The stock is currently in the Wave 4 corrective zone between 5,762 - 5,667 INR, a key support area. A potential liquidity sweep below 5,667 INR could attract strong buying interest. Target zones for Wave 5 completion are 6,976 - 7,127 INR. Key Observations: Wave Structure: Completion of Waves 1, 2, and 3; Wave 4 is nearing a reversal zone. Liquidity Sweep Potential: A dip below 5,667 INR might collect stop-loss liquidity before reversing. Trading Plan: Entry: Look for entry near 5,762 - 5,667 INR upon confirmation of reversal (e.g., bullish candle with volume). Monitor behavior if prices dip below 5,667 INR and recover sharply. Stop-Loss: Place stop-loss below 5,060 INR (invalidates Wave 4). Target Levels: First target: 6,500 INR (partial profit booking). Final target: 7,000+ INR (completion of Wave 5). Indicators to Monitor: RSI for oversold conditions at entry zones. Volume confirmation during reversal. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before trading.
NSE:AMBERLong
by LiveTradingBox
SWING IDEA - AMBER ENTERPRISESAmber Enterprises , a leading player in the Indian air conditioning and refrigeration industry, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 4600 Resistance Breakout : The 4600 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum. Strong Bullish Marubozu Candle on Daily and Weekly Timeframes : The recent formation of bullish marubozu candles on both the daily and weekly charts indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Higher Highs : The stock is consistently making higher highs, indicating a strong upward trend. Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:AMBERLong
by Visionary_Growth_Insights
AMBER ENTERPRISES-Weekly Breakout with Strong MomentumBreakout Confirmation: Amber Enterprises has given a decisive breakout above the crucial Fibonacci 23.6% level (₹5,206), with a significant price surge. This breakout was accompanied by heavy volume , indicating strong bullish momentum and participation. Fibonacci Levels: The stock retraced from its highs at ₹6,256.7, respecting the Fibonacci levels: 38.2% retracement at ₹4,557.35. 50% retracement at ₹4,032.40. 61.8% retracement at ₹3,507.50, which acted as a strong support before the stock resumed its upward movement. The breakout above ₹5,206 now opens the path towards the previous highs around ₹6,256.7. Bullish Trendline Support: The stock has been respecting an ascending triangle pattern, marked by higher lows, which reflects accumulation and strengthening of the uptrend. The recent breakout from this triangle pattern gives further bullish confirmation. Targets Ahead: Near-term target : Based on the breakout and the height of the triangle, the immediate target is around ₹6,256, which aligns with the 0% Fibonacci level. Potential upside projection : Using the measured move from the breakout, the stock has a potential to reach ₹6,900-7,000 levels, reflecting a 30-40% upside from the breakout point. RSI Momentum : The RSI has broken above the 70-mark, entering the overbought zone, which confirms strong bullish momentum. However, the overbought condition may suggest some consolidation in the short term before the next leg up. Support Levels : On any pullback, strong support lies around the Fibonacci 38.2% level at ₹4,557.35, followed by ₹4,032.40 (50% level). As long as these supports hold, the overall trend remains bullish. Conclusion : Amber Enterprises is showing a powerful breakout with high volume, indicating a potential bullish rally in the coming weeks. Traders can look for opportunities on pullbacks or momentum continuation above ₹5,500, with a near-term target of ₹6,256 and a possible extension towards ₹6,900.
NSE:AMBERLong
by AngshumanSaikia