Technical View
AMBER is trading within a well-defined Ascending Triangle, supported by a series of higher lows and a strong horizontal resistance zone. The price has repeatedly respected the rising support trendline, indicating sustained buying interest despite short-term corrections.
The current consolidation appears constructive. A decisive breakout above the resistance zone may trigger the next leg of the uptrend.
Trade Setup
CMP: ₹7,484
Add on Dips: Around ₹7,200
Stop Loss (Closing Basis): ₹6,989
Target Levels
🎯 Target 1: ₹8,228
🎯 Target 2: ₹8,666
🎯 Target 3: ₹8,888
🎯 Target 4: ₹9,111
🎯 Target 5: ₹9,333
🎯 Target 6: ₹9,666
Trading Strategy
* Fresh positions may be considered around the current market price.
* Additional accumulation may be considered near ₹7,200 if the stock witnesses healthy corrective moves.
* Maintain a strict Closing Basis Stop Loss at ₹6,989.
* Consider partial profit booking at successive targets while trailing the stop loss (TSL) to protect gains.
Technical Highlight
* Pattern: Ascending Triangle
* Trend: Bullish
* Support: Rising Trendline
* Resistance: ₹8,228 Zone
* Time Horizon: Positional (Medium Term)
Disclosure: This technical view is based on price action and chart analysis. The analysis reflects the current market structure and is subject to change based on evolving market conditions. There are no guaranteed returns in the stock market. Investors should assess their risk profile and follow appropriate risk management before making any investment decisions.
AMBER is trading within a well-defined Ascending Triangle, supported by a series of higher lows and a strong horizontal resistance zone. The price has repeatedly respected the rising support trendline, indicating sustained buying interest despite short-term corrections.
The current consolidation appears constructive. A decisive breakout above the resistance zone may trigger the next leg of the uptrend.
Trade Setup
CMP: ₹7,484
Add on Dips: Around ₹7,200
Stop Loss (Closing Basis): ₹6,989
Target Levels
🎯 Target 1: ₹8,228
🎯 Target 2: ₹8,666
🎯 Target 3: ₹8,888
🎯 Target 4: ₹9,111
🎯 Target 5: ₹9,333
🎯 Target 6: ₹9,666
Trading Strategy
* Fresh positions may be considered around the current market price.
* Additional accumulation may be considered near ₹7,200 if the stock witnesses healthy corrective moves.
* Maintain a strict Closing Basis Stop Loss at ₹6,989.
* Consider partial profit booking at successive targets while trailing the stop loss (TSL) to protect gains.
Technical Highlight
* Pattern: Ascending Triangle
* Trend: Bullish
* Support: Rising Trendline
* Resistance: ₹8,228 Zone
* Time Horizon: Positional (Medium Term)
Disclosure: This technical view is based on price action and chart analysis. The analysis reflects the current market structure and is subject to change based on evolving market conditions. There are no guaranteed returns in the stock market. Investors should assess their risk profile and follow appropriate risk management before making any investment decisions.
Trade ativo
High 7640Nota
7779Nota
7955Nota
7998Nota
8073
Website:
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Website:
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
nareshg.in
Telegram:
t.me/NareshGSebiRegistered
YouTube:
youtube.com/@NareshGSebiRA
Best Regards
Naresh G
SEBI Registered Research Analyst
INH000010797
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.