🚀 Amber Enterprises Testing All-Time Highs – Breakout Incoming?

Amber Enterprises is approaching a crucial all-time high resistance around ₹8,135 with strong momentum. The price is showing a bullish structure that may lead to a fresh breakout after months of consolidation. 🔎 Technical + Fundamental Snapshot 🔹 Elliott Wave Structure The current wave count suggests the stock is in a Wave 3 extension, known for steep, impulsive moves. A clean breakout above ₹8,135 could mark the start of Wave 5 or a renewed Wave 3 rally. 🔹 MACD Divergence MACD is in the bullish zone with no bearish divergence, indicating healthy upside momentum. The recent crossover adds further confirmation to bullish bias. 🔹 AVWAP Insight AVWAP from the October 2023 breakout zone has been respected throughout, showing long-term support strength. The price has remained well above key anchored levels even during broader market corrections. 🧠 Fundamental Backing Strong industry tailwinds: Amber is a key beneficiary of India’s PLI schemes in the white goods & electronics sector. ROCE consistently above 18%, reflecting operational efficiency. Solid revenue growth CAGR over the past 3 years despite macroeconomic headwinds. Recent earnings indicate margin improvement and capacity expansion plans. ✅ Summary Amber Enterprises is at an inflection point. A decisive close above ₹8,135 with volume could confirm multi-month breakout, unlocking significant upside potential. Technically aligned with strong business fundamentals — this one deserves a spot on your watchlist.