AMBER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a comprehensive technical analysis of Amber Enterprises India Ltd. (AMBER)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, trading near its 52-week high of ₹8,394. Price action shows bullish continuation with higher highs and strong momentum.

Price Action: At ₹8,259, AMBER is well above both the 50-DMA (₹7,533) and 200-DMA (₹6,709), confirming sustained bullish strength across short and long-term timeframes.

📈 Momentum Indicators

RSI (67.4): Bullish zone, approaching overbought territory. Indicates strong buying interest but caution is warranted above 70.

MACD (220): Strong positive crossover, confirming momentum continuation and trend strength.

Volume: Current volume (3.90L) is slightly below the 1-week average (4.39L), suggesting momentum is intact but participation is cooling slightly near resistance.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹8,400 with volume could trigger a rally toward ₹8,800+.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 7,900 – 8,050 Near recent swing low and consolidation base

Resistance 8,394 – 8,450 52-week high and psychological barrier

Breakout Zone 8,500+ Above this, next target is ₹8,800 – ₹9,200

🎯 Entry & Exit Strategy

Optimal Entry: ₹8,000 – ₹8,150 (on dips with bullish confirmation)

Exit Zone: ₹8,400 – ₹8,500 (partial profit booking); ₹8,800+ (final resistance)

Stop Loss: ₹7,850 (below recent support)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Slightly cooling, but trend remains intact

Outlook: Positive; watch for sustained move above ₹8,400 with volume for next leg up

Would you like a comparison with other consumer durable or manufacturing stocks showing similar setups?

Edit in a page