Stop Loss: Rs 3500
On a Daily time frame, Amber Enterprises India Ltd has given a breakout of Rectangle Pattern on the upside, indicating a positive trend in the stock. Buyers have to look more attractive to buy the security above 3500 levels.
Security took support near the 21-day EMA and started moving on the positive side indicating a positive trend with price trading above important the EMA indicates strength on the upside. Additionally, the breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and implying the potential for further price appreciation.
(Kunal Kamble, Sr. Technical Analyst, Bonanza Portfolio)Target Price: Rs 3835
Stop Loss: Rs 3500
On a Daily time frame, Amber Enterprises India Ltd has given a breakout of Rectangle Pattern on the upside, indicating a positive trend in the stock. Buyers have to look more attractive to buy the security above 3500 levels.Security took support near the 21-day EMA and started moving on the positive side indicating a positive trend with price trading above important the EMA indicates strength on the upside. Additionally, the breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and implying the potential for further price appreciation.
(Kunal Kamble, Sr. Technical Analyst, Bonanza Portfolio)
