AMBER - Unconventional Flat Swing Trade
AMBER is trading near ATH zone. Stock has a long term reversal structure in weekly TF. Currently it is at a striking distance to ATH. Above 4615 we may initiate the strongest leg in the coming weeks and months. 4565 will be trigger point after that I will add this from 4520 zone with 4200 as sl.
Both Monthly and weekly candles suggest a good momentum as in both TFs previous red candle's high have been taken out. Stock is suitable for short term, mid term and even long term. 9000-10000 will be its long term target. But since I am a momentum trader I will eat this in legs of 1.618 and 2.618 and 3.618 plotted targets.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Both Monthly and weekly candles suggest a good momentum as in both TFs previous red candle's high have been taken out. Stock is suitable for short term, mid term and even long term. 9000-10000 will be its long term target. But since I am a momentum trader I will eat this in legs of 1.618 and 2.618 and 3.618 plotted targets.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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