Amber hits 10% upper limit despite wider Q2 loss

Amber Enterprises locked at the 10% upper limit on 13 Nov 2026 despite a wider Q2 loss. Support is at 5,863 and resistance at 7,000. Amber Enterprises India Limited [ AMBER ] surged 10% to Rs 6,829.50 on 13 November 2026 and locked at the upper limit, despite a wider Q2 FY27 loss. Net loss widened to Rs 66.35 crore from Rs 32.14 crore. Revenue rose 60% year on year to Rs 2,627.17 crore and operating EBITDA grew 30% to Rs 127 crore. The company signed a manufacturing deal with Oppo for Realme and OnePlus. On the daily chart, the stock had fallen from its peak near 8,990 along a falling trendline. Today’s candle opened at 6,056, held 6,000 and closed at the day’s high, turning momentum upward toward 7,000. In my view, momentum has turned positive, but the trend stays bearish until price closes above 7,000. A close above it would break the trendline and bring a recovery leg into focus. A fall below 5,863 would weaken the setup. Stance: cautious; bullish only above 7,000, with 5,863 as key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.