AMBER ENTERPRISES...7300+?

 

Amber Enterprises India Ltd is a prominent solution provider for HVAC Industry in India. It has a dominant presence in RACs complete built unit and major RAC components with 27 manufacturing facilities across India focusing in on different product segments.

Analyzing the MONTHLY timeframe, the VOLUME looks stable and may be trying to make a base around 1865. The image below shows that a nice bottom has been formed and will be starting its up-move soon.

A good resistance 5249 which will result then in a down move till around 3077.

Analyzing the WEEKLY timeframe, the up-move may start from END OF JUNE OR JULY.

We can get an up-move till 5240 and then small down move till 3077 and then starting up-move gives a FINAL TARGET of 7380

The image below shows that Bollinger Bands is contracting from last 21 weeks and so as soon as it breaks out it may so up fast.

Analyzing the Daily Timeframe

The below image shows that Amber Enterprises has a contracting Bollinger Band and is also resisting from a trend line and moving down. Even the volume have started to pick up hence showing the current levels as strong support