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18th Jul · SEBI-Registered Analyst

Technical Analysis Amber Enterprises India Ltd.

The stock $AMBER is maintaining a strong long-term uptrend despite recent volatility. After a sharp correction from its recent highs the stock has recovered well and is now consolidating around the ₹7700–₹8000 zone. The price is forming higher lows indicating that buyers continue to accumulate on dips. This healthy consolidation after a strong rally suggests the stock is preparing for its next directional move. Trading volumes have remained stable during the consolidation phase which indicates that there is no major distribution by institutional investors. The immediate support is placed around ₹7500–₹7600 where buyers have repeatedly stepped in. Below this, the next strong support is near ₹7200–₹7300. On the upside the first resistance is around ₹8000–₹8100. A strong breakout above this zone can push the stock towards ₹8,400–₹8600 while the major long-term resistance is located near ₹8800–₹9000. Amber Enterprises continues to display a positive technical structure. The broader trend remains bullish while the current consolidation appears to be a pause within the ongoing uptrend. A breakout above ₹8100 would strengthen bullish momentum and increase the probability of fresh highs in the coming weeks.

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