SWING IDEA - AMBER ENTERPRISES

מעודכן
Amber 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 -

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@visionary.growth.insights
הערה
made a high of 8%+
הערה
if price closes above 4500, we can accumulate more quantity
הערה
hold!
הערה
hold!
הערה
back to buying price, we can see a strong breakout after some consolidation
הערה
fast move expected as per price action !
הערה
made a high of 18%++
הערה
hold for targets
הערה
could see some upside
עסקה סגורה: היעד הושג
1st target achieved : 25%++
עסקה סגורה: היעד הושג
2nd target achieved : 43%++
הערה
made a high of 50%++
alltimehighamberamberenterprisesChart PatternsTechnical IndicatorslongsetuppriceactionanalysisStocksswingtradingTechnical AnalysisTrend Analysis

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